Skip to main content
Level 2
June 14, 2020
Solved

Where do you enter 529 Contributions deductible on the Maryland Individual Tax Return?

  • June 14, 2020
  • 2 replies
  • 55 views
No text available
This topic has been closed for replies.
Best answer by dascpa

If it is a Maryland 529 plan through T Rowe Price (www.maryland529.org) then you can deduct up to $2,500 per account holder, per beneficiary for each the Maryland investment plan and the Maryland prepaid tuition plan.  It is NOT per investment account per beneficiary (like Virginia).  The subtraction is done on Form 502SU, lines xa or xb.

2 replies

dascpa
dascpaAnswer
Level 11
June 15, 2020

If it is a Maryland 529 plan through T Rowe Price (www.maryland529.org) then you can deduct up to $2,500 per account holder, per beneficiary for each the Maryland investment plan and the Maryland prepaid tuition plan.  It is NOT per investment account per beneficiary (like Virginia).  The subtraction is done on Form 502SU, lines xa or xb.

ikhan8759Author
Level 2
June 15, 2020

Thank you so much!