529 Plan Contribution Limit 2024. One of the many benefits of 529 plans is there is no federal limit on the amount you can contribute. The beneficiary of the 529 account and the owner of the roth ira must be the same person.
529 contribution limits for 2024: You can contribute as much as you’d like to a 529 plan per year, but there are some caveats.
A 529 Plan Allows You To.
529 plan aggregate contribution limits by state.
This Limit Is Subject To The Annual Roth Ira Contribution Limit, Which Is $7,000 In 2024.
Each state’s 529 plan has a maximum aggregate contribution limit, ranging from $235,000 in mississippi and georgia to $529,000 in california.
But, 529 Plan Contributions Up To $18,000 Per Beneficiary Qualify For The Annual Gift Tax Exclusion In The 2024 Tax Year.
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But, 529 Plan Contributions Up To $18,000 Per Beneficiary Qualify For The Annual Gift Tax Exclusion In The 2024 Tax Year.
This limit will likely be increased in future years.
The 529 Account Must Have Been Open For More Than 15 Years.
Each state sets a maximum 529 plan contribution.
What’s The Contribution Limit For 529 Plans In 2024?
