Maine 529 Tax Deduction Calculator
2026 rulesEnter your contribution to see how much Maine lets you deduct and what it saves you this year.
Your numbers
Result
Maine tax saved
- Total contributed$5,000
- Deductible this year$1,000
- Over the cap (no deduction)$4,000
- Maine tax saved this year$68
- Saved per $1,000 deducted$67.50
Only when federal AGI is $100,000 or less ($200,000 joint or head of household).
Maine at a glance
- Benefit
- Maine lets you deduct up to $1,000 per beneficiary of contributions to NextGen 529 or any state's 529 plan each year.
- Plans that count
- Any state's 529 plan.
- Good to know
- Only when federal AGI is $100,000 or less ($200,000 joint or head of household).
Questions
Is there a Maine tax deduction for 529 contributions in 2026?
Maine lets you deduct up to $1,000 per beneficiary of contributions to NextGen 529 or any state's 529 plan each year.
What can 529 money pay for without tax?
College tuition, fees, books, and room and board for students enrolled at least half time; up to $20,000 a year of K-12 tuition and expenses from 2026; apprenticeship costs; and up to $10,000 of student loan payments over a lifetime. States can treat some of these differently.
What happens to the Maine deduction if I withdraw for something else?
A nonqualified withdrawal is taxed on its earnings, plus a 10% federal penalty, and Maine can add back the deductions you took on the money you withdraw.