Maryland's College Investment Plan ranks top in US 529 plans by Saving For College.

Maryland's College Investment Plan has been named the top 529 college savings plan in the U.S. by Saving For College. 529 plans are tax-advantaged accounts for education expenses, with tax-free investment growth and withdrawals. Maryland offers significant benefits, including state tax deductions up to $5,000 for joint filers and potential state contributions. Although these plans can affect financial aid eligibility, the impact is minimal.

October 05, 2024
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