Can my ex husband and I split the limit this year on our individual state returns for MD Prepaid College Trust? We agree we "split" the original Lump Sum contribution?

[robe236386]

We made the contribution "together" (we agree on that) from a joint account before we were divorced and have been claiming the max deduction this year as part of the guidelines up to the limit.  This is the first year we are divorced and not sure if we can "split" the max and each claim half of it since we agree we each paid "half" of it.

[AmyC]

Yes, you contributed.

Tax Advantages & Benefits of 529 Plans - Maryland 529 states: If you are the account holder or a contributor, you can deduct up to $2,500 of payments each year from your Maryland State income per account - $5,000 for two, $7,500 for three, etc. Payments in excess of $2,500 per account can be deducted in future years until the full amount of payments has been deducted.

Related:

Maryland College Savings Plans Tax Benefits - Administrative