Annual 529 Contribution Limit 2024. Good news, while there is a maximum aggregate 529 plan contribution limit, there is no annual 529 plan contribution. For distributions in 2024 and later, act section 126 allows beneficiaries of 529 college savings plans to roll over up to an aggregate of $35,000 of excess 529 plan.
Be aware that there is a maximum amount of $35,000, as a lifetime limit, that can be rolled from a 529 plan to a roth ira. Contribution limits for 529 plans range from around $235,000 on the low end to more than $550,000 per beneficiary.
Good News, While There Is A Maximum Aggregate 529 Plan Contribution Limit, There Is No Annual 529 Plan Contribution.
This is an aggregate contribution limit, meaning the maximum total can be contributed.
For Distributions In 2024 And Later, Act Section 126 Allows Beneficiaries Of 529 College Savings Plans To Roll Over Up To An Aggregate Of $35,000 Of Excess 529 Plan.
529 contribution limits are set by states and range from $235,000 to $575,000.
Annual 529 Contribution Limit 2024 Images References :
Since Each Donor Can Contribute Up To $18,000 Per.
There is a lifetime maximum limit of $35,000 for transferring funds from a 529 plan account to a roth ira.
Annual Contributions Over $18,000 Must Be Reported To The Irs.
In 2024, the annual 529 plan contribution limit rises to $18,000 per contributor.
