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Level 1
posted Feb 7, 2025 10:08:20 AM

Can I deduct (for State of Maine taxes,) contributions for more than one beneficiary for a 529 plan? Thanks.

We contribute $600/grandchild to their 529 plans, so total of $1200/year

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1 Replies
Expert Alumni
Feb 7, 2025 10:37:43 AM

Yes, the limit is $1,000 per designated beneficiary, not per taxpayer.