Thanks!! Very informative. Also, people who pay AMT will just be fronting their tax payment for no reason as it isn't deductible anyway. I don't know the AMT rules coming for 2018. I think they are unchanged.
Regarding 529. Do you think there is long term benefit of an out of state 529 such as Utah or Virginia with their low cost Vanguard account vs. MD high cost T. Rowe accounts? With $2500 max deduction /child I did a rough calculation at the end of life of the 529 my savings were significant with a lower cost vs. higher deduction. Of course, each situation is different. I only have one child so that $2500 deduction was enough to make me roll over the VA 529 that I currently have when we moved here. I'm speaking of the investment savings vs. the tuition prepayment.
Regarding 529. Do you think there is long term benefit of an out of state 529 such as Utah or Virginia with their low cost Vanguard account vs. MD high cost T. Rowe accounts? With $2500 max deduction /child I did a rough calculation at the end of life of the 529 my savings were significant with a lower cost vs. higher deduction. Of course, each situation is different. I only have one child so that $2500 deduction was enough to make me roll over the VA 529 that I currently have when we moved here. I'm speaking of the investment savings vs. the tuition prepayment.