529 Plan Contribution Limits 2024

529 Plan Contribution Limits 2024. 529 plans have no annual federal contribution limits. In 2024, you can contribute up to $18,000 per beneficiary per year before you’d need to file irs form 709.

If a taxpayer is already spreading a $80,000 contribution that he started in 2023, they can contribute an additional $2,000 to a 529 plan in 2024 without exceeding. “starting in 2024, the secure 2.0 act allows savers to roll unused 529 funds into the beneficiary’s roth ira without a tax penalty,” says lawrence sprung, author of financial.