Alabama |
5,000/10,000 in state plan |
No |
|
5.00% |
$500 |
Arizona |
2,000/4,000 |
No |
|
4.50% |
$180 |
Arkansas |
5,000/10,000 in-state; 3,000/6,000 out of state |
No |
4 years |
6.60% |
$660 |
Colorado |
Full contribution amount, to extent of taxable income |
No |
|
4.63% |
$463 |
Connecticut |
5,000/10,000 in state plan |
No |
5 years |
6.99% |
$699 |
District of Columbia |
4,000/8,000 in state plan |
No |
5 years |
8.95% |
$716 |
Georgia |
4,000/8,000 in state plan |
Yes |
|
5.75% |
$460 |
Idaho |
6,000/12,000 in state plan |
No |
|
6.93% |
$693 |
Illinois |
10,000/20,000 in state plan |
No |
|
4.95% |
$495 |
Indiana |
20% tax credit on contributions up to $5,000 in state plan |
No |
|
3.23% |
$1,000 |
Iowa |
3,474/6,948 in state plan |
Yes |
|
8.53% |
$587 |
Kansas |
3,000/6,000 |
Yes |
|
5.70% |
$342 |
Louisiana |
2,400/4,800 in state plan |
Yes |
Unlimited |
6.00% |
$288 |
Maryland |
2,500/5,000 in state plan |
Yes |
10 years |
5.75% |
$288 |
Massachusetts |
1,000/2,000 in state plan |
No |
|
5.05% |
$101 |
Michigan |
5,000/10,000 in state plan |
No |
|
4.25% |
$425 |
Minnesota |
50% tax credit on contributions up to $500 or state deduction based on contributions of 1,500/3,000 available |
No |
|
9.85% |
$296 |
Mississippi |
10,000/20,000 in state plan |
No |
|
5.00% |
$500 |
Missouri |
8,000/16,000 |
No |
|
5.40% |
$540 |
Montana |
3,000/6,000 |
No |
|
6.90% |
$414 |
Nebraska |
10,000/10,000 - 5,000 if married filing separately |
No |
|
6.84% |
$684 |
New Jersey |
Up to 10,000 deduction to in-state plan if income is 200,000 or less |
No |
|
5.53% |
$553 |
New Mexico |
Full contribution amount in state plan |
No |
|
5.90% |
$590 |
New York |
5,000/10,000 in state plan |
No |
|
8.82% |
$882 |
North Dakota |
5,000/10,000 in state plan |
No |
|
2.90% |
$290 |
Ohio |
4,000 in state plan |
Yes |
Unlimited |
4.797% |
$192 |
Oklahoma |
10,000/20,000 in state plan |
Yes |
5 years |
5.00% |
$500 |
Oregon3 |
150/300 in state plan |
No |
4 years |
9.90% |
$300 |
Pennsylvania |
16,000/32,000 |
Yes |
|
3.07% |
$307 |
Rhode Island |
500/1,000 in state plan |
No |
Unlimited |
5.99% |
$60 |
South Carolina |
Full contribution amount in state plan |
No |
|
7.00% |
$700 |
Utah |
4.95% tax credit on contributions up to 2,070/4,140 in state plan |
Yes |
|
4.95% |
$205 |
Vermont |
10% tax credit on contributions up to 2,500/5,000 in state plan |
Yes |
|
8.75% |
$500 |
Virginia |
4,000 in state plan; fully deductible if 70 or older |
Yes |
Unlimited |
5.75% |
$575 |
West Virginia |
Full contribution amount in state plan |
No |
5 years |
6.50% |
$650 |
Wisconsin |
3,380; 1,690 if married filing separately/divorced in state plan |
Yes |
Unlimited |
7.65% |
$627 |