529 Contribution Limit 2024. Each state sets a maximum 529 plan contribution limit per beneficiary. Suppose you want to add more to the account.
What is a 529 savings plan? They range from $235,000 to upward of $500,000.
529 Contribution Limits Are Set By Each State Plan And Generally Apply A Total Account Limit Per Beneficiary.
There are restrictions limiting who can do these.
Good News, While There Is A Maximum Aggregate 529 Plan Contribution Limit, There Is No Annual 529 Plan Contribution Limit!
In 2024, you can contribute up to $18,000 annually or $36,000 per married couple without paying any gift tax.
Maximum Aggregate Plan Contribution Limits Range From $235,000 To $529,000 (Depending On The State), But Such Limits Generally Do Not Apply Across States.
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For 2024, The Annual Ira Contribution Limit Is $7,000, With An Extra $1,000 For Investors Age 50 And Older.
Suppose you want to add more to the account.
However, Only Contributions Up To $18,000 Per Donor.
Since each donor can contribute up to $18,000 per.
In 2024, You Can Contribute Up To $18,000 Per Beneficiary Per Year Before Youโd Need To File Irs Form 709.