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April 8, 2024
Question

How do I file Maryland state tax form 502?

  • April 8, 2024
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How to report my 529 contribution?

1 reply

April 8, 2024

Maryland College Investment Plan:

If you are the account owner or a contributor, you can subtract up to $2,500 per beneficiary from your Maryland state income for contributions in that calendar year. Contributions in excess of $2,500 per beneficiary can be subtracted for up to the next 10 years. Maryland 529

 

To report your 529 contribution:

  1. Open your state return and continue to the screen Here's the income that Maryland handles differently.
  2. Scroll down to Education
  3. Click start next to Maryland college savings plan contributions

For help with form 502, check: Maryland form 502 Resident Income Tax Return

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