Contributions to the CollegeCounts 529 Fund are Alabama tax deductible up to:

  • $5,000 per Alabama taxpayer.
  • $10,000 for married Alabama taxpayers filing a joint return where both taxpayers are making such contributions.

The amount contributed by an Alabama taxpayer during a tax year is deductible from Alabama income in an amount not to exceed $5,000 for a single return or $10,000 for a joint return for that tax year. If you also contribute to another Alabama 529 account, your maximum total deduction on all contributions is still $5,000 per year ($10,000 for married couples filing jointly). Rollovers to another state’s 529 plan or nonqualified withdrawals may be subject to recapture. For additional information see the Tax Q&A.