One Big Beautiful Bill' makes 529 plans more flexible, some skeptics say the education savings plans still may not be ...

The federal agency has agreed to spare families invested in the state’s prepaid college savings plan from a hefty tax penalty they would have faced.

There may be additional benefits to opening a 529 savings plan sponsored by your home state, but you don't have to.

The Maryland congressman wants the agency to relax a 10 percent penalty levied on 529 college savings account owners who rollover the funds in their accounts more than once a year.

Form 1099-Q is a tax form sent to individuals who receive distributions from a Coverdell education savings account or 529 plan.

New law lets 529 plan dollars roll into retirement The Maryland Prepaid College Trust was launched in 1998 and was managed solely by the Maryland 529 agency from 2001 until 2021.

The U.S. Treasury and IRS said Thursday that they would not tax parents with multiple accounts in the Maryland 529 Prepaid College Trust to execute an accounts transfer.

Maryland 529 said in a statement posted on its website: “The Maryland 529 Board and staff would like to thank Peter for his dedication and service as the Maryland 529 board chair and wish him ...

Approximately 6,000 Marylanders received incorrect 1099-G tax forms due to an internal printer malfunction, according to the Comptroller of Maryland.

An estimated 6,000 Marylanders who mistakenly received tax forms belonging to other residents due to an internal printer malfunction will be reissued 1099-G forms, according to the Maryland ...

The Maryland Comptroller's office blamed a printing malfunction after tax forms with sensitive personal information on thousands of Marylanders were accidentally mailed to the wrong people.