Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Maryland 529 Plan carryover"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I believe it's 2,500 per child/parent/account, which if you have four accounts (each parent has two, one for each child), then I think you can deduct up to $10,000 a year. My understanding is that you can carry forward along the same lines 2,500 per child/parent/acount. So you could do an additional 10,000 a year as long as the original payment was consistent with this (so you didn't put all 100,000 in one kid's account). I believe the burden is on you to keep records. If you have a record of the initial deposit, that should suffice, just update it with the amount you are deducting each year.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
