Maximum 529 Plan Contribution 2024. 10 best 529 plans in 2024. The lifetime maximum a 529 beneficiary can transfer under the rule is $35,000;
So, for example, no more than $7,000 can. This is an aggregate contribution limit, meaning the maximum total can be contributed to.
For Married Couples Filing Jointly, The Limit Is $36,000.
As of january 1, 2024, when you discover you have extra money in your child’s 529 plan, there is a fourth option to select from.
A Maximum Of 10% Of Salary Is Allowed As Deduction From The Gross Taxable Income Under This Section.
In 2024, you can contribute up to $18,000 per beneficiary per year before you’d need to file irs form 709.
Maximum 529 Plan Contribution 2024 Images References :
Individuals May Contribute As Much As $90,000 To A 529 Plan In 2024 ($85,000 In 2023) If They Treat The Contribution As If It.
Contribution limits for 529 plans range from around $235,000 on the low end to more than $550,000 per beneficiary.
A Recent Change To Tax Law Will.
As of january 1, 2024, when you discover you have extra money in your child’s 529 plan, there is a fourth option to select from.