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MD 529 State Contribution
I have a question about claiming my 529 contributions after receiving the MD State contribution. According to the State of Maryland webpage,
"If you receive a State contribution for any Account in a given year, you are not eligible in that year for the income deduction on your State taxes for contributions that you made to that or any other College Investment Plan Account."
This quote leads me to believe I should not be eligible to claim a deduction on my taxes. However, when going through the process on Turbo Tax, there is not an option to skip the question about entering the amount of money I put into the 529 account to not claim the tax break since MD has contributed to the account.
Thank you for your assistance.
‎January 30, 2020
7:31 PM