Maximum Annual 529 Contribution 2024

Maximum Annual 529 Contribution 2024. The amount rolled over each year is limited to the annual roth ira contribution limit, which is $7,000 in 2024 for those under age 50, and $8,000 for those 50 or. Each state sets its own maximum aggregate contribution limit for 529 plans, ranging from $235,000 to over $575,000.

In 2024, you can contribute up to $18,000 per beneficiary per year before you’d need to file irs form 709. In 2024, individuals can gift up to $18,000 in a single 529 plan without those funds counting against the lifetime gift tax exemption amount.