I wish to contribute to a 529 plan for my grandson. Would I qualify for the state of Maine tax benefit if I contribute to the 529 plan opened by my daughter, or do I need to open a separate 529 account with me as the administrator? My daughter and I are both Maine residents?
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Q. Would I qualify for the state of Maine tax benefit if I contribute to the 529 plan opened by my daughter?
A. Yes.
Q. Or do I need to open a separate 529 account with me as the administrator?
A. No.
Reference: see the link. provided by @Bsch4477 , above.
For others reading this, this is true in most other states. But, you should verify your state's rules ahead of time.
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