Oklahoma 529, it's the smart choice.

Parents, grandparents, friends and family can help children and grandchildren pay for education expenses, including tuition, living expenses, books, computers and more.

Tax Benefits of Oklahoma 529

See your contributions go further with Oklahoma 529 tax benefits

State tax deduction

Oklahoma taxpayers may qualify for a state tax deduction up to $20,000 if married filing jointly ($10,000 filing single) for contributions made into Oklahoma 529. Carry forward larger amounts up to five years.

100% tax-deferred growth

Any earnings grow tax-deferred. When you pay fewer taxes, you can earn more and grow your account faster.

Tax-free withdrawals for qualified expenses

Withdraw tax-free for all qualified education expenses at any accredited college, university, community college, or CareerTech center for tuition, room and board, books, computers and more.

Why an Oklahoma 529 account?

Todd Russ, Oklahoma State Treasurer

A 529 Plan for All Oklahomans

Grandparents, family and friends - everyone can help a child achieve their education goals. Open and fund an account or make a gift contribution. Oklahoma residents' gifts may be tax deductible. Get started Gifting.

Your child gets more opportunities

Savings can be applied to any accredited college or university across the country and abroad, community college, CareerTech, professional and graduate schools; and even apprenticeships, and student loan repayment.1

Use for K-12 tuition

Your 529 savings can also help pay for the cost of private school tuition up to $10,000 annually per student.

Withdrawals for tuition expenses at a public, private or religious elementary, middle, or high school can be withdrawn free from federal and Oklahoma income tax. If you are not an Oklahoma taxpayer, these withdrawals may include recapture of tax deduction, state income tax as well as penalties. You should talk to a qualified professional about how tax provisions affect your circumstances.

You have more control

You’re never locked in and can withdraw your funds for any reason at any time.2

You enjoy more flexibility

Funds in your child’s account are transferable to another eligible family member, which includes siblings, stepchildren, parents, even first cousins. Effective January 1, 2024, unused 529 funds may be directly transferred to a Roth IRA in the name of the beneficiary of the 529 Plan. There are a number of conditions that must be met including the 529 Plan must have been in existence for at least 15 years.3

Ready to start saving?

The sooner you start, the more they could have for their education.

Open an Account