Maryland 529

Maryland 529 is an independent, non-profit Maryland state agency that administers college and disabilities savings plans, including the Maryland College Investment Plan (managed by T. Rowe Price), available to residents of any state. Maryland residents can deduct up to $2,500 per beneficiary per year from state taxable income for contributions. As an employer-offered benefit, Maryland 529 plans are sometimes included in workplace financial wellness and voluntary benefits offerings.