Oklahoma 529 Tax Deduction Calculator

2026 rules

Enter your contribution to see how much Oklahoma lets you deduct and what it saves you this year.

Your numbers

Filing status

Contribution per child this year

Children (beneficiaries) you contribute for

Household AGI

Result

Oklahoma tax saved$225

Total contributed$5,000
Deductible this year$5,000
Oklahoma tax saved this year$225
Saved per $1,000 deducted$45.00

Contributions made by April 15 can count for the prior year.

Oklahoma at a glance

Benefit: Oklahoma lets you deduct up to $10,000 ($20,000 joint) of contributions to Oklahoma 529 College Savings Plan each year.
Carryforward: Amounts over the limit carry forward for five years.
Plans that count: Oklahoma 529 College Savings Plan.
Good to know: Contributions made by April 15 can count for the prior year.

Questions

Is there a Oklahoma tax deduction for 529 contributions in 2026?

Oklahoma lets you deduct up to $10,000 ($20,000 joint) of contributions to Oklahoma 529 College Savings 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 Oklahoma deduction if I withdraw for something else?

A nonqualified withdrawal is taxed on its earnings, plus a 10% federal penalty, and Oklahoma can add back the deductions you took on the money you withdraw.