Pacun Posted April 9, 2014 Report Posted April 9, 2014 Is there a credit in MD if you have a child and you create a 529 account and save $2500 in 2013? I know there is a credit in DC but I have never had any one from MD. Quote
Abby Normal Posted April 10, 2014 Report Posted April 10, 2014 MD has two plans that they run and if you choose one of these plans, you get a subtraction (codes xa or xb) of up to 2500 per year per child. Read Administrative Release 32. http://taxes.marylandtaxes.com/Resource_Library/Tax_Publications/Administrative_Releases/Income_and_Estate_Tax_Releases/ Quote
Pacun Posted April 11, 2014 Author Report Posted April 11, 2014 I read it. It is exactly like the one for DC. Quote
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