Maximum 529 Plan Contribution 2024. What are the new rules for unused 529 funds? Instead, limits are based on aggregate.
What is a 529 savings plan?. In 2024, the annual 529 plan contribution restrict rises to $18,000 per contributor.
What Is The Maximum 529 Contribution For 2024 For Virginia?
In 2023, you can contribute up to $17,000 to a 529 plan ($34,000 as a married couple filing jointly) and qualify for the annual gift tax exclusion, which lets you.
But The Maximum Contribution To All Accounts For One Beneficiary Is $2,000 Annually.
State tax deductions for 529 contributions also make these college savings plans appealing, though every state is different.
A Recent Change To Tax.
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In 2024, The Annual 529 Plan Contribution Limit Rises To $18,000 Per Contributor.
Unlike retirement accounts , the irs does not impose annual contribution limits on 529 plans.
But The Maximum Contribution To All Accounts For One Beneficiary Is $2,000 Annually.
In 2024, you can contribute up to $18,000 annually or $36,000 per married couple without paying any gift tax.
What Is The Maximum 529 Contribution For 2024 For Virginia?