Nebraska 529 Tax Deduction Calculator

2026 rules

Enter your contribution to see how much Nebraska 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

Nebraska tax saved$228

Total contributed$5,000
Deductible this year$5,000
Nebraska tax saved this year$228
Saved per $1,000 deducted$45.50

The cap is $5,000 if married filing separately, and amounts over it don't carry forward.

Nebraska at a glance

Benefit: Nebraska lets you deduct up to $10,000 of contributions to NEST 529 or Bloomwell 529 each year.
Plans that count: NEST 529 or Bloomwell 529.
Good to know: The cap is $5,000 if married filing separately, and amounts over it don't carry forward.

Questions

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

Nebraska lets you deduct up to $10,000 of contributions to NEST 529 or Bloomwell 529 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 Nebraska deduction if I withdraw for something else?

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