Virginia · 2026 contributions
Virginia 529 tax deduction calculator.
See how much of your Invest529 contribution is deductible on your Virginia return and what it saves you.
Yes. Virginia taxpayers can deduct up to $4,000 per Invest529 account per year, with an unlimited carryforward. Taxpayers age 70 and over can deduct the whole contribution in one year.
The amounts come from the plan administrator's own site, read November 1, 2026. Enter your contribution and your state tax rate to see the deduction and the tax saved.
Your numbers
Result
How this is calculated
Invest529 says account owners who are Virginia taxpayers may deduct contributions up to $4,000 per account per year with an unlimited carryforward to future tax years, subject to certain restrictions, and that those age 70 and above may deduct the entire amount contributed in one year. Because the cap is per account, two accounts can each carry a $4,000 deduction. Anything above $4,000 in a year is not lost: it carries to the next year.
The calculator below the answer takes your total contribution, applies the cap, and multiplies the deductible amount by the tax rate you enter. We do not guess your rate because it depends on your income and, in some places, local tax; look it up on your state return. Result: deductible amount, tax saved and any amount that is over the cap or carried forward.
Worked example
$8,000 into one account. $4,000 is deductible this year and $4,000 carries forward to next year (Invest529 example).
$4,000 into each of two accounts for two children. The full $8,000 is deductible this year (Invest529 example).
$10,000 contributed at age 70. All $10,000 is deductible in the one year (Invest529 example).
Limits of this estimate
This calculator treats the cap as $4,000 per account and ignores the restrictions Invest529 mentions but does not list on its tax page. We could not read a Virginia Tax page, so confirm the rules on the Virginia return for the year you file. The tax saved is only the state income tax effect of the deduction at the rate you type in. It does not include federal effects (there is no federal deduction for 529 contributions) or the value of tax-free growth. Contributions are checked against the rules as of November 1, 2026.
Who should check first
If you move states, claim contributions someone else made, or use a plan from another state, the deduction may not apply the way this page describes. Several states tie the deduction to its own plan only; where the source does not say, we do not assume. If you are comparing states, the state 529 hub lists the five states we have verified side by side.
Sources
Primary sources opened and checked on November 1, 2026. Figures are for tax year 2026 unless a source says otherwise.
Frequently asked questions
Does Virginia have a 529 tax deduction?
Yes. Invest529 says Virginia taxpayers may deduct contributions to an Invest529 account.
What is the Virginia 529 deduction limit?
$4,000 per account per year, with an unlimited carryforward to future tax years, subject to certain restrictions.
Can I deduct more if I am 70 or older?
Yes. Invest529 says those age 70 and above may deduct the entire amount contributed in one year.
Is the limit per child or per account?
Per account. Invest529 gives an example where $4,000 into each of two accounts is fully deductible in the first year.
What happens to contributions over $4,000?
They carry forward to future tax years, so you can use the deduction in later years.
Do I have to be the account owner to claim it?
Invest529 words the deduction for account owners who are Virginia taxpayers. Ask a tax professional about gifts from others.
Not tax advice
This page is general information, not tax, legal or financial advice. Tax rules change and your facts may differ. Confirm anything that matters with your state tax agency, your 529 plan or a tax professional before you act. Everything runs in your browser; nothing you enter is sent anywhere.