Iowa 529 Max Contribution 2024 Over 50 . Unlike retirement accounts, the irs does not impose annual contribution limits on 529 plans. A 529 plan is a type of investment account you can use to save for qualified education expenses.
Annual contributions over $18,000 must be reported to the irs. 529 plans have aggregate limits, the total amount you can contribute to the account per beneficiary.
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2024 529 Contribution Limits Your Ultimate Guide to Max Contributions , 529 contribution limits are set by states and range from $235,000 to $575,000.
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