NY 529 Direct Plan
Direct-Sold
New York
At a glance
- Contribution benefit
- A tax deduction
Deduction up to $10,000 for taxpayers filing jointly.
- K–12 distributions
- Not allowed
A K–12 withdrawal may be tax-free federally but taxable here. See the conformity rule.
- Aggregate contribution maximum
Not stated in this edition. Nationally the range runs from $235,000 to over $621,000 — see the program description.
- Creditor & bankruptcy protection
Protects up to $10,000 if the account owner is an adult.
- Recapture of state tax benefits
- K–12 distributions
Previously deducted or credited amounts may be added back to state taxable income for these distributions.
Plans
Program description ↗
NY 529 Advisor-Guided Plan
Advisor-Sold
What the book says about New York
- No minimum initial contribution.
Flagship public university
SUNY (avg)
| Tuition & fees | Room | Board | Books | Total | vs. national |
|---|---|---|---|---|---|
| $10,316 | $8,700 | $5,600 | $1,250 | $25,866 | +5.8% |
National average across all 50 states: $26,485 per year, in-state, 2025–26. Compare every state →
No statement or example on this site should be considered a specific recommendation for your personal situation. Investing and tax strategies each carry significant risks. Examples herein may not apply to your situation. Please consult your estate attorney, tax advisor, or financial advisor for personal advice.