Tax Benefit Calculator

Compare a tax-free account with a taxable account

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per month toward college

Monthly Savings Goal

0400800120016002000

Use the slider to see how your savings go up the more you contribute each month

10
6%

Federal Tax Rate View Rates

State Tax Rate View Rates

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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 3.99%

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.

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