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February 7, 2025
Question

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

  • February 7, 2025
  • 1 reply
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We contribute $600/grandchild to their 529 plans, so total of $1200/year

    1 reply

    February 7, 2025

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

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