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MARYLAND FORM 502AC SUBTRACTION for CONTRIBUTION of ARTWORK Attach to Your Tax Return

MARYLAND FORM 502AC SUBTRACTION for CONTRIBUTION of ARTWORK Attach to Your Tax Return

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1.7 trillion dollars that's how much americans owed in college loans at the end of 2020 but saving now may reduce their reliance on college loans later michelle winter is director of marketing for maryland 529 and she joins us now how are you i'm great thank you elsa i'm happy to have you here so let's start out with the basics for people who may not know what is a 529 plan so a 529 plan or college savings plan is a tax advantage way for families to save for higher education so there are two types of 529 plans there are prepaid tuition plans and then there are college savings plans and the state of maryland offers both all right and before we get into those i think you know a lot of our viewers just heard tax benefits so let's start with that what are the tax benefits of starting early when we're thinking about college sure so the tax benefits of a 529 plan is that the earnings attributable to your distribute or your contributions in your

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