Colorado 529 Tax Deduction Calculator

2026 rules

Enter your contribution to see how much Colorado 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

Colorado tax saved$220

Total contributed$5,000
Deductible this year$5,000
Colorado tax saved this year$220
Saved per $1,000 deducted$44.00

Capped at your Colorado taxable income. Rollovers from other states' plans don't count as contributions.

Colorado at a glance

Benefit: Colorado lets you deduct up to $26,200 per beneficiary ($39,200 joint) of contributions to CollegeInvest each year.
Plans that count: CollegeInvest.
Good to know: Capped at your Colorado taxable income. Rollovers from other states' plans don't count as contributions.

Questions

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

Colorado lets you deduct up to $26,200 per beneficiary ($39,200 joint) of contributions to CollegeInvest 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 Colorado deduction if I withdraw for something else?

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