Maryland state tax break for Able Now account transfer from 529 plan

[topmiller]

I see a tax break for Able account contributions on form 502SU.  I transferred from my sons 529 to his Able Now account.  I did take the original 2500 tax break when I first contributed to the 529.  Can I get another tax break on the transfer from 529 to Able account?

[BrittanyS]

Yes, if the original contributions credit you received was in a different year than 2024, you can claim the credit for 2024.  Maryland taxpayers can deduct up to $2,500 per beneficiary per year for Able Now contributions.  See the link below for more information:

• Maryland Able