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Do Maryland allow both joint filers to take the 529 investment account $2500 deduction of a $5,000 investment?
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June 4, 2019
8:43 PM
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State tax filing
According to the Maryland Department of revenue, you cannot deduct more than $2,500 per beneficiary per year. Please view the Maryland link below for more information.
https://maryland529.com/basics-of-529-college-savings-plans/tax-advantages-of-529-plans
June 4, 2019
8:43 PM