CA AB2444

Allows a state income tax deduction for contributions to California's Scholarshare 529 college savings accounts, up to $10,000 for joint filers/heads of household or $5,000 for single filers, beginning January 1, 2026.

Limits the deduction to taxpayers with adjusted gross income of $150,000 or less (joint/head of household) or $75,000 or less (single filers), with annual inflation adjustments starting in 2027.

Conforms California law to federal tax treatment of rollovers from 529 accounts to Roth IRAs for taxable years 2026 through 2029, excluding these transfers from state gross income.

Requires the Scholarshare Investment Board to collect data and submit annual reports to the Legislature on deduction usage, new account openings, and account owner motivations.

Takes effect immediately as a tax levy upon enactment.