The Most Fresh & Cordial Political Thread Ever

SunnySide · 12-06-2022, 10:17 AM

Contributions

Maryland offers a state tax deduction for contributions to a 529 plan of up to $2,500 for single filers and $5,000 for married filing jointly tax filers.

You can also carry-forward excess contributions for 10 years, which allows for super-funding.

Minimum:*$25

Maximum:*Accepts contributions until all account balances for the same beneficiary reach $500,000.

Matching Contributions:*Eligible participants who open a new account can receive up to $500 in matching contributions from the state.

https://thecollegeinvestor.com/529-plan-guide/maryland/

Raising the tax State deduction over 2.5/5 to 5/10 would be a start .. but doesnt address the rising costs of college

12-06-2022, 10:17 AM	#11
SunnySide Playmaker Join Date: Sep 2019 Posts: 4,568	Re: The Most Fresh & Cordial Political Thread Ever Contributions Maryland offers a state tax deduction for contributions to a 529 plan of up to $2,500 for single filers and $5,000 for married filing jointly tax filers. You can also carry-forward excess contributions for 10 years, which allows for super-funding. Minimum:$25 Maximum:Accepts contributions until all account balances for the same beneficiary reach $500,000. Matching Contributions:*Eligible participants who open a new account can receive up to $500 in matching contributions from the state. https://thecollegeinvestor.com/529-plan-guide/maryland/ Raising the tax State deduction over 2.5/5 to 5/10 would be a start .. but doesnt address the rising costs of college

The Most Fresh & Cordial Political Thread Ever

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