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New York 529 plans
New York residents receive numerous state plan benefits.
Learn about state tax benefits ↓New York residents receive numerous state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for New York residents:
State tax deduction or credit
Contributions to a New York 529 plan of up to $5,000 per year by an individual, and up to $10,000 per year by a married couple filing jointly, are deductible in computing New York taxable income. Only contributions made by the account owner, or if filing jointly, by the account owner's spouse, are deductible. Contribution deadline is December 31 postmark.
Which 529 plans does New York offer?
New York offers two Ascensus-managed 529 savings plans available to residents of any state. New York's 529 College Savings Program - Direct Plan features Vanguard mutual funds, while New York's 529 Advisor-Guided College Savings Plan features investment options from JPMorgan and SSGA.
Direct sold 529 plans
"Do-it-yourself" type plans in which the saver enrolls and sets up the initial investment. Fortunately most 529 plans make this simple! You'll pay no sales charges beyond fund and administrative fees.
Our rating
4.5 / 5
370,149 clickedAdvisor sold 529 plans
Plans offered by investment professionals. Ideal for those investors who value the guidance of a financial advisor on their savings journey. Advisor sales charges and/or fees may apply.
Our rating
4.5 / 5
ABLE Plans
529 ABLE accounts let Americans with disabilities save tax-deferred for education and other expenses without impacting eligibility for public benefits.
ABLE Plan
NY ABLE is issued by New York Achieving a Better Life Experience (ABLE) Savings Account Program and administered by the Office of the Comptroller of the State of New York, who serves as program administrator.
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