Help Their Dreams Take Flight

The following requirements must be met:

To be eligible you must meed these requirements in accordance with the Maryland Code. The Office of the Comptroller of Maryland is required to verify the adjusted gross income level (AGI) you provide.

The account owner must:

• Be a Maryland resident
• Be at least 18 years of age at the time of application
• Have an adjusted gross income that does not exceed $112,500 for an individual, or $175,000 for married couples filing jointly (based on the previous taxable year)
• Have not received $9,000 in prior State contributions
• Make the minimum contribution to the applied-for account(s) no later than 11:59 pm ET on November 1

If filing taxes in Maryland, file taxes by July 15. The July 15 deadline is regardless of other tax-deadline extensions that may be available in Maryland and does not revise the normal State deadline of April 15.

The Beneficiary must:

• Be a Maryland resident
• Be under the age of 26 years in the calendar year before the account owner submits the application (e.g., during the 2025 application year, the beneficiary is eligible if they are 25 years old or younger on December 31, 2024).

General requirements:

• The Maryland College Investment Plan account for which you apply must have been opened after December 31, 2016
• Only one application per account owner/beneficiary relationship can be submitted
• A beneficiary may only receive two State contributions in any year
• All applications must be submitted by 11:59 pm ET on May 31

If you are not eligible to apply for the Save4College State Contribution Program, you may still be eligible for an income subtraction from your Maryland taxable income up to $2,500 per year, per beneficiary, for contributions made to a Maryland College Investment Plan account. You should check with your tax professional regarding your specific situation. If you receive a State contribution for any account in a given year, you are NOT eligible to receive the income subtraction on your State taxes for contributions that you made to that or any other Maryland College Investment Plan account for that year.

The Save4College State Contribution Program is subject to changes by the Maryland General Assembly. If legislation is passed that would affect the current application period, updates will be posted here.