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Ohio 529 plans
Ohio residents receive numerous state plan benefits.
Learn about state tax benefits ↓Ohio residents receive numerous state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for Ohio residents:
State tax deduction or credit
Contributions to a Ohio 529 plan and non-Ohio 529 Plans of up to $4,000 per beneficiary per year (any filing status) are deductible in computing Ohio taxable income, with an unlimited carryforward of excess contributions. The pre-filled "Maximum yearly in-state deduction" assumes there is one beneficiary. Adjust "Maximum yearly in-state deduction" for multiple accounts with separate beneficiaries, but do not exceed the amount of investment in "This year's 529 investment".
Ohio is a tax parity state, enabling tax benefits for contributions to non-state 529 plans. See the best 529 plans →
Which 529 plans does Ohio offer?
Ohio operates two 529 college savings plans. Ohio’s 529 Plan, CollegeAdvantage, is available to residents of any state and offers an age-based option, a college enrollment-based option, risk-based options using Vanguard funds, 13 static investment options using Vanguard and DFA funds, and 2 types of FDIC-insured deposit accounts through Fifth Third Bank. The BlackRock CollegeAdvantage Advisor 529 plan is advisor-sold and features BlackRock funds in its age-based and asset-allocation options along with individual-fund options from iShares and a variety of mutual fund families. Ohio also operates a prepaid tuition/guaranteed savings plan (Guaranteed Savings Fund) that was closed to new enrollments in 2003.
View specific details on the Ohio 529 plans by selecting the links below.
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
Special award
Advisor sold 529 plans
Plans offered by investment professionals. You'll gain the guidance of a financial advisor, but will incur sales charges and/or fees as you invest.
Our rating
4.5 / 5
Special award
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
Ohio House Bill 155 implements the federal ABLE Act in Ohio. The Office of Ohio Treasurer administers STABLE Accounts. STABLE Accounts have been developed pursuant to Section 529A of the Internal Revenue Code of 1986, as amended ("Section 529A"). ABLE plans established and maintained in accordance with Section 529A are intended to be used for the qualified disability expenses of a particular eligible Beneficiary.
A good place to start:
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Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.
