If you are saving for college, you have probably heard the golden rule: "Start early."
But the second rule is just as important: "Choose the right plan."
Many parents assume they must use their own state's 529 plan. While that is often a good idea (especially if your state offers a tax deduction), it is not a requirement. You are free to shop around.
If your state's plan has high fees and poor investment options, you can open an account in a different state—like Utah or New York—and use those funds to pay for a college in California, Texas, or anywhere else.
We analyzed the fees, performance, and features of the top plans in the country. Here are the best 529 plans for 2025.
Group 1: The "Free Agents" (Tax Parity States)
The Rule: These 9 states are the most generous in the country. They offer a state tax deduction for contributing to any 529 plan in America.
The Strategy: Do NOT use your home state’s plan unless it is excellent. Since you get the tax break anyway, open a Utah my529 or New York Direct account to get lower fees and better performance.
- Arizona: Deduct up to $4,000 (joint filers) or $2,000 (single).
- Arkansas: Deduct up to $10,000 (joint) or $5,000 (single).
- Kansas: Deduct up to $6,000 (joint) or $3,000 (single).
- Maine: Deduct up to $1,000 per beneficiary.
- Minnesota: Deduct up to $3,000 (joint) or claim a tax credit (up to $500) depending on income.
- Missouri: Deduct up to $16,000 (joint) or $8,000 (single).
- Montana: Deduct up to $6,000 (joint) or $3,000 (single).
- Ohio: Deduct up to $4,000 per beneficiary. (Unlimited carry-forward).
- Pennsylvania: Huge deduction of $38,000 (joint) or $19,000 (single) per beneficiary.
Group 2: The "Go Elsewhere" States (No Tax Benefit)
The Rule: These states either have no state income tax (so a deduction is worthless) OR they simply do not offer a deduction for 529 contributions.
The Strategy: You have zero incentive to stay home. Ignore your state plan entirely. Open a Gold-Rated plan like Utah (my529), New York (Direct Plan), or New Hampshire (Fidelity).
Sub-Group A: States with No Income Tax
- Alaska
- Florida
- Nevada
- South Dakota
- Tennessee
- Texas
- Washington
- Wyoming
- New Hampshire (No income tax on wages).
Sub-Group B: States with Income Tax, But No 529 Deduction
- California: (High taxes, but $0 deduction. Go straight to Utah).
- Delaware: (No deduction for new accounts).
- Hawaii
- Kentucky
- North Carolina (Phased out the deduction years ago).
Group 3: The "Home Field Advantage" States
The Rule: These states offer a tax deduction, but only if you use the in-state plan.
The Strategy: Open your in-state plan and contribute exactly enough to max out the tax deduction. If you want to save more than that limit, put the overflow money into a Utah or New York plan.
- Alabama: Deduct up to $10,000 (joint).
- Colorado: Full deduction for all contributions. (One of the best deals in the US).
- Connecticut: Deduct up to $10,000 (joint).
- D.C.: Deduct up to $8,000 (joint).
- Georgia: Deduct up to $8,000 (joint).
- Idaho: Deduct up to $12,000 (joint).
- Illinois: Deduct up to $20,000 (joint). Note: The "Bright Start" plan is Gold-rated by Morningstar.
- Indiana: 20% Tax Credit on up to $7,500 in contributions (Max credit $1,500). This is better than a deduction! Must use Indiana plan.
- Iowa: Deduct up to $5,800 per beneficiary (2025 limit).
- Louisiana: Deduct up to $4,800 per beneficiary.
- Maryland: Deduct up to $5,000 per beneficiary (joint). (T. Rowe Price plan is solid).
- Massachusetts: Deduct up to $2,000 (joint). Small benefit; consider skipping if you dislike Fidelity.
- Michigan: Deduct up to $10,000 (joint).
- Mississippi: Deduct up to $20,000 (joint).
- Nebraska: Deduct up to $10,000 (joint).
- New Jersey: Deduct up to $10,000 for families earning <$200k.
- New Mexico: Full deduction for all contributions.
- New York: Deduct up to $10,000 (joint). Since NY is already a top-tier plan, this is a no-brainer.
- North Dakota: Deduct up to $10,000 (joint).
- Oklahoma: Deduct up to $20,000 (joint).
- Oregon: Tax credit (capped at $360 joint for high earners). The plan has had tech issues; proceed with caution.
- Rhode Island: Deduct up to $1,000 (joint).
- South Carolina: Full deduction for all contributions.
- Utah: 4.55% Tax Credit per beneficiary. The best plan AND a tax credit? Lucky you.
- Vermont: 10% Tax Credit on first $2,500 per beneficiary.
- Virginia: Deduct up to $4,000 per account.
- West Virginia: Full deduction for all contributions.
- Wisconsin: Deduct up to $5,130 per beneficiary (2025 limit).
2025 Bonus: The "Superfunding" Trick
Regardless of which state you choose, 2025 has high contribution limits for those looking to move money fast (e.g., Grandparents).
The Annual Gift Limit (2025): You can give $19,000 per child without filing a gift tax return.
The Superfunding Rule: You can front-load 5 years of gifts at once.
- Single: Contribute $95,000 in one day.
- Married: Contribute $190,000 in one day.
- Note: If you do this, you cannot give that child any more tax-free gifts for the next 5 years.
The "Roth IRA" Safety Net
Worried about over-saving? As of 2024/2025, the Secure Act 2.0 allows you to roll over leftover 529 funds into the beneficiary's Roth IRA.
- Limit: $35,000 lifetime max.
- Rule: The account must be open for 15 years.
- Benefit: This eliminates the fear of "trapping" money if your child gets a scholarship or decides not to go to college.
Summary: Your 3-Step Plan
- Find your state in the lists above.
- Calculate the tax savings. If you live in a "Home Field" state, open that plan first.
- Go National for the rest. If you live in a "No Benefit" or "Tax Parity" state, go straight to Utah (my529) or New York (Direct) for the lowest fees.