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4 NEAR FINAL DRAFT 8/1/24 4
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6 *241291* 6
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2024 Schedule M1529, Education Savings Account
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9 Contribution Credit or Subtraction 9
10 Complete this form to claim either the credit or the subtraction. You cannot claim both. 10
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12 FIRST Your First Name and Initial NAME, INITXXXXXXXXXX YOURLast Name LAST NAMEXXXXXXXXXXX 999999999 Social Security Number 12
14 1 Enter the financial institution, account number, and the amount you contributed in 2024 to each qualified education savings account 14
15 (commonly known as a 529 savings plan). If you contributed to more than five accounts, include a separate sheet. 15
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17 Financial Institution: FINANCIAL INSTIT Account Number: 12345678912345678 Amount: 123456789 17
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19 Financial Institution: FINANCIAL INSTIT Account Number: 12345678912345678 Amount: 123456789 19
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21 Financial Institution: FINANCIAL INSTIT Account Number: 12345678912345678 Amount: 123456789 21
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23 Financial Institution: FINANCIAL INSTIT Account Number: 12345678912345678 Amount: 123456789 23
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25 Financial Institution: FINANCIAL INSTIT Account Number: 12345678912345678 Amount: 123456789 25
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27 Total amount of contributions from separate sheet (if any): 123456789 27
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29 Enter the total amount you contributed to all qualified education savings accounts .. ...... ..... ...... . 1 123456789 29
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31 2 Enter the total amounts withdrawn or distributed in 2024 from all accounts (see instructions) ..... ...... . 2 123456789 31
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33 3 Subtract line 2 from line 1. If the result is zero or less, STOP HERE; you do not qualify . . . . . . . . . . . . . . . . . . . . 3 123456789 33
34 If you are claiming the subtraction 34
35 4 Enter the lesser of the amount on line 3 or $1,500 35
36 ($3,000 if you are married and filing a joint return) here and on line 15 of Schedule M1M .. ...... ...... .. 4 123456789 36
37 If you claim the subtraction, you cannot claim the credit. 37
38 If you are claiming the credit 38
39 5 Enter the result from step 11 of the Worksheet for Line 5 here. 39
40 If you claim the credit, you cannot claim the subtraction. 40
41 Full-Year Residents: Also enter this amount on line 7 of Schedule M1C .. ..... ...... ..... ...... ...... .. 5 123456789 41
42 6 Part-Year Residents: Multiply line 5 by line 30 of Schedule M1NR. Enter the result here 42
43 and on line 7 of Schedule M1C ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... 6 123456789 43
44 Complete lines 7-15 if a distribution from your account was not used to pay qualified expenses. 44
45 7 Enter the amount of distributions from your accounts that were not used for qualified expenses ..... ..... 7 123456789 45
46 8 Multiply the total amount of Education Savings Account Credits 46
47 claimed in prior years on Schedule M1C by 2 .... ....... ..... ..... ...... ...... ..... ...... ...... ... 8 123456789 47
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49 9 Enter the total amount of contributions made to your qualified accounts in all taxable years . ..... ...... .. 9 123456789 49
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51 10 8 line Divide by 9line (carry to five decimal places)is more than8 . If line 9,line ..... ....... ... enter 1 .. 10 123.56789 51
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53 11 Enter the total amount of subtractions claimed in prior years on Schedule M1M .. ..... ...... ...... .... 11 123456789 53
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55 12 11 line Divide by 9line (carry to five decimal places)is 11 thanmore . If line 9,line . . . . . . . . . . . enter 1 . . . . 12 123.56789 55
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57 13 Multiply line 10 by 50% (.50), then multiply the result by line 7. Round amount to the nearest whole dollar. 13 123456789 57
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59 14 Multiply line 12 by 10% (.10), then multiply the result by line 7. Round amount to the nearest whole dollar. 14 123456789 59
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61 15 Add lines 13 and 14. Enter here and include on line 14 of Form M1. Check the box for Schedule M1529 ... 15 123456789 61
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