Maryland 529 Tax Deduction Calculator

2026 rules

Enter your contribution to see how much Maryland lets you deduct and what it saves you this year.

Your numbers

Filing status

Contribution per child this year

Children (beneficiaries) you contribute for

Household AGI

Result

Maryland tax saved$238

Total contributed$5,000
Deductible this year$5,000
Maryland tax saved this year$238
Saved per $1,000 deducted$47.50

Each spouse can take $2,500 per beneficiary for their own contributions.

Maryland at a glance

Benefit: Maryland lets you deduct up to $2,500 per beneficiary ($5,000 joint) of contributions to Maryland 529 College Investment Plan each year.
Carryforward: Amounts over $2,500 per beneficiary carry forward up to 10 years.
Plans that count: Maryland 529 College Investment Plan.
Good to know: Each spouse can take $2,500 per beneficiary for their own contributions.

Questions

Is there a Maryland tax deduction for 529 contributions in 2026?

Maryland lets you deduct up to $2,500 per beneficiary ($5,000 joint) of contributions to Maryland 529 College Investment Plan each year.

What can 529 money pay for without tax?

College tuition, fees, books, and room and board for students enrolled at least half time; up to $20,000 a year of K-12 tuition and expenses from 2026; apprenticeship costs; and up to $10,000 of student loan payments over a lifetime. States can treat some of these differently.

What happens to the Maryland deduction if I withdraw for something else?

A nonqualified withdrawal is taxed on its earnings, plus a 10% federal penalty, and Maryland can add back the deductions you took on the money you withdraw.