529 Plans

Florida 529 Plan Rules

Florida's plan is Florida Investment 529 Plan. Florida has no state income tax, so there is no state deduction. With no state income tax, Florida does not tax K-12 withdrawals. The plan treats K-12 expenses up to $20,000 a year as qualified.

Plan: Florida Investment 529 Plan
State tax break: Florida has no state income tax, so there is no state deduction.
K-12 withdrawals: No state income tax
Detail: With no state income tax, Florida does not tax K-12 withdrawals. The plan treats K-12 expenses up to $20,000 a year as qualified.
Maximum balance: $500,000 per beneficiary across Florida Prepaid and the Florida Investment 529 Plan
Federal K-12 limit: $20,000 a year per student

For the federal conditions on tutoring and the full list of K-12 expenses, see Can you use a 529 plan for tutoring?

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The state and federal rules on this page, to share with whoever does your taxes.

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Frequently asked questions

Does Florida give a tax deduction for 529 contributions?

Florida has no state income tax, so there is no state deduction.

Can I use a Florida 529 plan for tutoring?

Federal law allows it, and this state has no income tax to apply. With no state income tax, Florida does not tax K-12 withdrawals. The plan treats K-12 expenses up to $20,000 a year as qualified. Under the federal rule, the tutor cannot be related to the student and must be a licensed teacher, have taught at an eligible educational institution, or be a subject matter expert.

Can I use a Florida 529 plan for private school or other K-12 costs?

Federal law allows up to $20,000 a year per student for K-12 tuition and the other listed expenses. With no state income tax, Florida does not tax K-12 withdrawals. The plan treats K-12 expenses up to $20,000 a year as qualified.

What is the maximum balance in a Florida 529 plan?

$500,000 per beneficiary across Florida Prepaid and the Florida Investment 529 Plan.

State rules: Florida Investment 529 Plan official documents. Federal rules: IRS Tax Topic 313 and Public Law 119-21. Read October 6, 2026. This page is general information, not tax advice.