What Is 529 Contribution Limit For 2024

What Is 529 Contribution Limit For 2024. Unlike retirement accounts, the irs does not impose annual contribution limits on 529 plans. 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 were spread over a.

Contribution limits for 529 plans range from around $235,000 on the low end to more than $550,000 per beneficiary. Beneficiaries are allowed to roll over up to $35,000 over their lifetime into a roth ira in their name (not the original 529 account holder’s name).