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harrstan
New Member

Do Maryland allow both joint filers to take the 529 investment account $2500 deduction of a $5,000 investment?

 
1 Reply
KatrinaB
Intuit Alumni

Do Maryland allow both joint filers to take the 529 investment account $2500 deduction of a $5,000 investment?

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

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