Updated October 4, 2026. Quick answer: No state deduction, because Alaska has no individual income tax to reduce. The Department of Revenue’s Tax Division annual report records that the Legislature “repealed the parts of AS 43.20 that impose the individual income tax”, and the Legislature’s history page says “Personal income tax repealed in 1980 after the oil boom”.
What Alaska allows for 529 contributions
| Item | What the documents say |
|---|---|
| Treatment | Not applicable: no individual income tax |
| Limit | None |
| Source | Alaska Department of Revenue, Tax Division, 2024 Annual Report; Alaska State Legislature, history of the individual income tax |
A $10,000 contribution by a married couple
A married couple who put $10,000 into a 529 account for one child deducts $0 on an Alaska return, because there is no Alaska individual income tax return to deduct it on.
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What the documents do not say
- The Department of Revenue pages that state this directly could not be retrieved, so this page rests on the Tax Division’s annual report and the Legislature’s history page.
What changes in 2026
No change for tax year 2026 appears in the documents read for this page.
Federal rules
A state break sits beside the federal rules for 529 plans: the statute is 26 U.S.C. 529 and the IRS explains it in Publication 970, Tax Benefits for Education.
Common mistakes
- Looking for an Alaska deduction form; there is none.
Related: how Alaska taxes retirement income, whether Alaska taxes pensions, the five questions behind any 529 state tax break, and the state-by-state table of 529 deductions.
Sources
- Alaska Department of Revenue Tax Division Annual Report 2024: https://www.akleg.gov/basis/get_documents.asp?docid=2388
- History of Alaska Individual Income Tax: https://www.akleg.gov/basis/get_documents.asp?session=30&docid=17151
Sources: the primary documents linked above, read on October 4, 2026. General information, not tax advice. Your own facts decide the outcome, and a preparer, the plan administrator or the agency itself is the right place to confirm anything consequential.