Maryland 529 Plan Calculator

2026

Maryland 529 plans in 2026: deduction of up to $2,500 ($5,000 on a joint return), per beneficiary, per taxpayer; only the MD plan qualifies. Project your college savings growth.

By Konstantin Iakovlev · Updated October 19, 2026 · Methodology

years
years
$
$
%
$
years

Total College Cost

$176,766.87

With 4% inflation

Projected Savings

$58,861.83

Funding

33%

Funding Gap

$117,905.04

Monthly Needed to Fully Fund

$750.77

529 Plan Projection

Years Until College13 years
Total College Cost (with inflation)$176,766.87
Current Balance$0.00
Total Contributions$39,000.00
Investment Growth+ $19,861.83
Projected Savings at College$58,861.83
Funding Gap$117,905.04
Monthly Contribution Needed$750.77

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

Maryland 529 State Tax Benefit (2026)

Deduction of up to $2,500 ($5,000 on a joint return), per beneficiary, per taxpayer. Only contributions to Maryland 529 — Maryland Senator Edward J. Kasemeyer College Investment Plan (T. Rowe Price); Prepaid College Trust (closed to new enrollment) count; money put into another state’s plan earns no Maryland deduction or credit.

Contributions above $2,500 per beneficiary carry forward up to 10 years; Prepaid College Trust excess carries forward until used.

Any contributor can claim up to $2,500 per beneficiary; each spouse on a joint return counts separately. No subtraction is allowed in a year the account holder gets a state Save4College contribution. Prepaid College Trust contracts have their own $2,500-per-contract subtraction.

Maryland Tax & Education Facts (2026)

State Income Tax progressive (up to 6.5%)
529 State Tax Benefit Deduction of up to $2,500 ($5,000 on a joint return), per beneficiary, per taxpayer
Plans That Qualify Only Maryland 529 — Maryland Senator Edward J. Kasemeyer College Investment Plan (T. Rowe Price); Prepaid College Trust (closed to new enrollment)
State Plan Maryland 529 — Maryland Senator Edward J. Kasemeyer College Investment Plan (T. Rowe Price); Prepaid College Trust (closed to new enrollment)
State Sales Tax 6.00%
Avg. Property Tax Rate 0.90%

Official Sources:

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