North Carolina 529 Plan

From Bogleheads

Jump to: navigation, search

North Carolina 529 Plan:

  • Open to Residents
  • Open to non-residents

Program match on contributions: None

State tax deduction or credit for contributions: Contributions to the North Carolina 529 plan of up to $2,500 per year for an individual taxpayer, and $5,000 per year for married taxpayers filing a joint return, are deductible in computing North Carolina taxable income. For years prior to 2007, the maximum deduction was lower. Beginning in 2012, income limitations are imposed.

State tax recapture provisions: The principal portion of rollovers and nonqualified withdrawals from this plan are included in North Carolina taxable income to the extent of prior North Carolina tax deductions. Nonqualified withdrawals for this purpose do not include withdrawals made as the result of the beneficiary's death or disability.

Age-based investment options: The V Fund Age-Based Option offers a choice among three different risk levels (Aggressive, Moderate, or Conservative), each containing five portfolios of underlying Vanguard mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and number of years to expected enrollment, and later reassigned to more conservative portfolios until the beneficiary reaches age.

Static investment options: Vanguard multifund portfolios are only available in age-based portfolios.

Single Funds

Vanguard Portfolios


  • Vanguard Life Strategy Growth Fund (ER 0.48%)
  • Vanguard Life Strategy Moderate Growth Fund (ER 0.48%)
  • Vanguard Life Strategy Conservative Growth Fund (ER 0.49%)
  • Vanguard Life Strategy Income Fund (ER 0.49%)
  • Vanguard Total Stock Market Index Fund (ER 0.40%)
  • Vanguard Total International Index Fund (ER 0.52%)
  • Vanguard Total Bond Index Fund (ER 0.44%)
  • Vanguard Prime Money Market Fund (ER 0.49%)


Expenses: 0.30% - 1.40%

See also

529 Plan Pages

Links

How to Cite

You can link to this page from the Bogleheads Forum by copying and pasting the following text into your forum posting:

Please see [url=http://www.bogleheads.org/wiki/North_Carolina_529_Plan]North Carolina 529 Plan[/url] on the [url=http://www.bogleheads.org/wiki/Main_Page]Bogleheads Wiki[/url].
Notice something that needs correcting? Notify a wiki editor or become a wiki editor and fix it yourself!


529 Plans
Alabama • Alaska • Arizona • Arkansas • Arkansas Ishares • California • Colorado • Connecticut • Delaware • District of Columbia • Florida • Georgia • Hawaii • Idaho • Illinois • Indiana • Iowa • Kansas • Kentucky • Louisiana • Maine • Maryland • Massachusetts • Michigan • Minnesota • Mississippi • Missouri • Montana • Nebraska • Nevada • New Hampshire • New Jersey • New Mexico • New York • North Carolina • North Dakota • Ohio • Oklahoma • Oregon • Pennsylvania • Rhode Island • South Carolina • South Dakota • Tennessee • Texas • Utah • Vermont • Virginia • Washington • West Virginia • West Virginia (SMART 529) • Wisconsin • Wyoming
Retrieved from "http://www.bogleheads.org/wiki/North_Carolina_529_Plan"
Personal tools