Maryland 529

nvestment Plan is managed by T. Rowe Price, an investment leader with more than 75 years of experience, and offers a broad range of different investment options. You can start with $25 and choose from two different portfolio approaches or use a combination of both. Both plans offer tax-deferred growth at the state and federal level. Any earnings in both plans are tax-free when used towards eligible education expenses, and the funds in both plans can be used at schools in and outside of Maryland. In addition, Maryland’s 529 plans are the only plans to offer Maryland taxpayers a State Income Deduction of up to $2,500 per Prepaid College Trust Account or per College Investment Plan Beneficiary, per year .*

*The availability of tax benefits may be conditioned on meeting certain requirements such as residency, purpose for or timing of distributions, or other factors as applicable. You should consult with your tax professional about your specific circumstances. The Maryland ABLE program allows individuals with disabilities to save money and pay for qualified disability-related expenses without jeopardizing State or federal means-tested benefits such as SSI or Medicaid. Kasemeyer Prepaid College Trust and Maryland Senator Edward J. Kasemeyer College Investment Plan Disclosure Statements provide investment objectives, risks, expenses and costs, Fees, and other information you should consider carefully before investing. If you or your Beneficiary live outside of Maryland, you should compare Maryland 529 to any college savings program offered by your home state or your Beneficiary’s home state, which may offer state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan. Previously, the combined Prepaid College Trust and College Investment Plan Disclosure Statements and the Highlights Brochure were collectively referred to as the "Enrollment Kit." These individual Plan Disclosure Statements replace the Enrollment Kit as the offering materials for each plan as of 12/1/2021. Important note: Third-party comments available on or through this site do not reflect the opinions or analysis of the Maryland Prepaid College Trust, the Maryland College Investment Plan or its Program Manager, T. ("Maryland 529"), or the State. Maryland 529 is not responsible for, and does not validate, any information, opinions, assertions or statements expressed in any such comments, or the identity or credentials of the individuals communicating through the site. Information available on the site does not, and should not be relied upon to, replace the advice of your own professional legal, tax and financial advisors. Maryland 529 reserves the right to restrict or remove content and comments that are deemed in violation of Maryland 529’s Comment Policy. Maryland 529 cannot comment on specific Account information. If you require information regarding your Account, please contact MD 529 directly at 888.463.4723. Maryland 529 makes every effort to respond to questions and concerns posted on this page in a timely manner. If your question or concern requires immediate attention, please contact Maryland 529 directly at 888.463.4723. Maryland 529 is an agency of the State of Maryland and is subject to the Maryland Public Information Act. Any content posted or submitted for posting is subject to public disclosure. The content on this page is for general informational purposes only and does not constitute financial, tax or legal advice. Please contact your professional advisors if you require such advice. Maryland 529 is not responsible for the content of any third-party links posted on this page.