Questions & Answers

Is there a tax break for contributions I make under the Maryland College Investment Plan or the Maryland Broker-Dealer College Investment Plan?

If you contribute to the Maryland College Investment Plan or the Maryland Broker-Dealer College Investment Plan, you are eligible for a subtraction from income. You may claim a Maryland-only subtraction of up to $2,500 per account contributor per beneficiary. For more details see Administrative Release 32 .

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