Tax Benefit Calculator
Compare a tax-free account with a taxable account
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per month toward college
Monthly Savings Goal
Use the slider to see how your savings go up the more you contribute each month
10
6%
Federal Tax Rate
State Tax Rate
Your Results
Savings in tax-free account vs. taxable account
After 10 years, you’ll have $0 or $0 more in a tax-free account than in a taxable account based on your federal tax rate of 32% and state tax rate of 3.5%.
Earnings in a 529 savings plan grow federal and state tax free and are excluded for income tax purposes when used for qualified higher-education expenses.