Nevada 529 plan: no state income tax, what counts in 2026
With no income tax there is nothing to deduct, so the Nevada question is about growth, plan limits and what happens after a move.
In the 529 at age 18
$64,761
$3,641 more than the same money in a taxable account, plus $0 of Nevada tax saved along the way.
| You put in | $42,000 |
| Growth, tax-free for school costs | $22,761 |
| Taxable account after tax | $61,120 |
| Nevada tax saved, 14 years | $0 |
Taxable account: dividends taxed every year and the remaining gain taxed at sale, at the 2026 federal capital gains rate for this income, NIIT where it applies, and your state marginal rate.
| Year | Child’s age | Put in | 529 balance |
|---|---|---|---|
| 3 | 7 | $9,000 | $9,811 |
| 6 | 10 | $18,000 | $21,495 |
| 9 | 13 | $27,000 | $35,412 |
| 12 | 16 | $36,000 | $51,987 |
| 14 | 18 | $42,000 | $64,761 |
Worked out by Radif Partners · How we calculate · Nevada rule read on October 19, 2026, brackets of tax year 2026 · not tax advice
Nevada does not tax individual income, so a 529 contribution brings no state deduction or credit and a withdrawal never meets a Nevada tax bill, whatever it pays for. Nevada is one of 9 states in this site's table with no wage income tax. The state still sponsors several 529 programs: the Future Path 529 Plan, three other savings plans listed by the State Treasurer, and the Nevada Prepaid Tuition Program. Future Path accepts contributions until the Nevada plan accounts of one beneficiary reach $575,000, a limit raised in early 2026. The value of a 529 for a Nevada family is federal: earnings grow untaxed and come out tax-free for college, for K-12 tuition up to $20,000 a year from 2026, and for the other uses federal law allows. A household saving $250 a month for a 4-year-old reaches about $64,761 at 18 at a 6 % assumed return, against $61,120 in a taxable account after tax.
| State income tax on wages | None |
|---|---|
| Benefit for contributions | None (no income tax) |
| State plans (official names, no recommendation) | Future Path 529 Plan, Vanguard 529 Plan, Victory Capital 529 Education Savings Plan, Wealthfront 529 Plan, Nevada Prepaid Tuition Program |
| Account balance limit | $575,000 |
No deduction to chase, no add-back to fear
In a state with an income tax, a 529 page spends most of its time on caps, parity and recapture. In Nevada those questions have no object. No contribution is deducted, so none can be recaptured, and the state's choice of plan carries no tax weight. A Nevada family can use the state's own programs or any other state's plan on equal terms. The Future Path 529 plan description says so in its state tax section: Nevada does not impose an income tax on individuals.
That leaves the federal side. Growth inside a 529 is not taxed each year, and withdrawals for qualified expenses are tax-free. Here the gap against an ordinary taxable investment account comes only from federal tax on dividends and on the gain at sale, since there is no Nevada tax on either.
What the growth looks like
The calculator at the top starts from one household: a 4-year-old, $250 a month, $150,000 of household income. After 14 years the 529 holds about $64,761, of which $42,000 is the family's own money. The same deposits in a taxable account end near $61,120 after tax, a difference of $3,641. Change the age or the monthly amount below; the return is an assumption, not a forecast.
A Nevada 529 started later
In the 529 at age 18
$65,107
| You put in | $48,200 |
| Growth, tax-free for school costs | $16,907 |
| Taxable account after tax | $62,457 |
| Nevada tax saved, 9 years | $0 |
The Nevada programs
The State Treasurer's college savings page lists the Future Path 529 Plan and three other savings plans, plus a prepaid tuition program in its menu. That list comes from a July 2025 snapshot of the Treasurer's site; plans added or renamed since were not checked. The $575,000 ceiling is the Future Path limit, counted across Nevada plan accounts for the same beneficiary, and the disclosures of the other plans were not read here.
If the family moves to a state with an income tax
A move turns the parity question back on. 8 states in the table give their benefit for contributions to any state's plan, so a Nevada account can keep earning a deduction after the move. After a move to Missouri, a couple at $150,000 who keep putting $3,000 a year into a Nevada plan would deduct it and save $141. 29 states give nothing for another state's plan: in Illinois the same deposit saves $0. The out-of-state plan page covers that choice.
Federal rules travel with the account. The $35,000 lifetime 529 to Roth IRA rollover and the student loan limit apply in Nevada as everywhere.