Tax Benefit Tool
Compare a tax-free account with a taxable account
See how the advantages of tax-free growth with a 529 savings plan can really add up. If
you are saving for college in a taxable savings account, you'll want to use this tool.
See how your savings can grow when invested in a 529 account instead of a taxable savings account.
The savings amounts depicted by this calculator are estimates based on certain assumptions. There is
no guarantee that savings projected will be achieved. The calculation results are estimates based on the
information you have provided. To help understand and use the calculation output effectively, please
note the following items:
This calculation is for hypothetical purposes only. The information entered may vary from actual individual
circumstances. The calculation relies on certain assumptions in addition to the information you provided and
does not guarantee future performance of any investment option. The Ohio Tuition Trust Authority will not be
liable for any damages arising from the use or misuse of this calculator, reliance on calculated results, or
from any errors or omission in the same. Use of this calculator does not in any way establish any agreement
or relationship between the Ohio Tuition Trust Authority and any individual who is not an account owner of the
Ohio Tuition Trust Authority, nor does it alter in any way the agreement between the Ohio Tuition Trust
Authority and any account owner, which is contained in the Plan Offering Statement and Participation Agreement.
Any calculation does not take into account the costs or fees associated with (1) transferring assets between
accounts, (2) the differences in the rate of return on investments within the account, or (3) investing in
the Plan (i.e., total annual fee).
This calculator allows you to enter your hypothetical annual rate of return. The default rate used in this
calculation is 6% if you do not choose a different hypothetical rate of return. Investments that tend to earn
a higher rate of return in the long run may be more subject to changes in value. There is no guarantee that
you will receive the rate of return that you use in this calculation.
The calculator allows you to enter your estimated federal and state income tax rates. Information displayed
in the calculator does not represent an investment recommendation or legal or tax advice. The hypothetical
tax savings presented may vary from your specific situation and should not be solely relied upon for making
any investment decision.
If your state offers a 529 plan, you may want to consider what, if any, potential state income tax or other
benefits it offers, before investing in CollegeAdvantage. State tax or other benefits should be one of many
factors to be considered prior to making an investment decision. Please consult with your financial, tax or
other advisor about how these state benefits, if any, may apply to your specific circumstances.
Ohio taxpayers who invest in CollegeAdvantage are eligible for certain tax benefits. See the Plan Offering
Statement for specific details.