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Reply to "Maryland 529 vs out-of-state 529"
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[quote=Anonymous]Some states make you repay deductions if you don't hold it long enough but maryland doesn't (currently). Federal taxes never apply on earnings and most states (including Maryland and New York) don't tax their own plan or out of state plans. Alabama is the only state I'm aware of that will tax earnings on out of state plans when distributions are made. All of this assumes qualifying deductions. [/quote]
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