AN ACT INCREASING THE AMOUNT OF THE PERSONAL INCOME TAX DEDUCTION FOR CONTRIBUTIONS TO STATE-ESTABLISHED 529 QUALIFIED STATE TUITION PROGRAMS.

Plain English Breakdown

The official source material does not provide specific details about the application of the changes to contributions made after a certain date or any restrictions on how the increased deductions can be used.

Increasing Tax Deduction for College Savings Plans

This act increases the personal income tax deduction limit for contributions to college savings plans in Connecticut.

What This Bill Does

• Increases the personal income tax deduction from $5,000 to $7,500 for individual taxpayers who contribute to a 529 plan.
• Raises the personal income tax deduction from $10,000 to $12,500 for joint filers contributing to a 529 plan.

Who It Names or Affects

• Individual taxpayers who contribute to 529 plans in Connecticut.
• Joint filers who contribute to 529 plans in Connecticut.

Terms To Know

529 plan

A college savings program that allows individuals to save for future education expenses, offering tax benefits and potential financial aid advantages.

Limits and Unknowns

• The bill does not specify when the changes will take effect.
• It is unclear if there are any limits or restrictions on how these increased deductions can be used.

Official Summary Text

To increase the amount of the personal income tax deduction for contributions to accounts for 529 qualified state tuition programs established and maintained by the state.

Current Bill Text

LCO No. 91 1 of 1

General Assembly Proposed Bill No. 80
February Session, 2026 LCO No. 91

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. SAMPSON, 16th Dist.

AN ACT INCREASING THE AMOUNT OF THE PERSONAL INCOME
TAX DEDUCTION FOR CONTRIBUTIONS TO STATE-ESTABLISHED
529 QUALIFIED STATE TUITION PROGRAMS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That section 12 -701a of the general statutes be amended to increase 1
the amount of the personal income tax deduction for contributions to 2
accounts for 529 qualified state tuition programs established and 3
maintained by the state, from five thousand dollars for individual 4
taxpayers to seven thousand five hundred dollars and from ten 5
thousand dollars for taxpayers filing a joint return to twelve thousand 6
five hundred dollars. 7
Statement of Purpose:
To increase the amount of the personal income tax deduction for
contributions to accounts for 529 qualified state tuition programs
established and maintained by the state.