Maximum 529 Contribution 2024 Illinois. Each state sets a maximum 529 plan contribution limit per beneficiary. 5 but you couldn’t give more money to that same recipient.
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. If the contribution is below a certain limit each year, you won’t have to notify the irs of it.
This Is An Aggregate Contribution Limit, Meaning The Maximum Total.
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.
Here Are Some Of The Best 529 College Savings Plans For Tax Benefits And How To Choose A 529 Plan In 2024.
There is no minimum contribution.
The Maximum Contribution For 2023 Is $6,500, But If You Are Age 50 Or Over, It Is $7,500.
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529 Contribution Limits For 2024:
In 2024, you can contribute up to $18,000 per beneficiary per year before.
5 But You Couldn’t Give More Money To That Same Recipient.
Review how much you can save for college in these plans.
Instead, The Amount You Can Contribute Is Maxed Out At A Total Contribution For A Single Beneficiary, Depending On What Plan You Invest In.