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Get your taxes done using TurboTax
No, when you record the contributions in your Maryland State return, enter $7500. The program will automatically assume you have three beneficiaries. no matter what deduction you choose. This amount will reduce your tax liability on your Maryland return because it reduces your taxable income
Plan 529 contributions are not deductible on the federal return so you would not report these on your federal return. Only on the Maryland State return.
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‎January 17, 2024
2:32 PM