Contribution Limits 529 Plan 2024. 529 contribution limits are set by each state plan and generally apply a total account limit per beneficiary. Wisconsin taxpayers are eligible for a state income tax deduction for contributions to the edvest 529 college savings plan.
For the 2023 tax year, the gift tax exclusion is $17,000 per recipient. This limit will likely be increased in future years.
Contribution Limits For 529 Plans Range From Around $235,000 On The Low End To More Than $550,000 Per Beneficiary.
For the 2023 tax year, the gift tax exclusion is $17,000 per recipient.
You May Contribute To A 529 Plan At Any Time Throughout The Year, And You Do Not Have To Stop.
In 2024, the annual 529 plan contribution limit rises to $18,000 per contributor.
Each State Sets A Maximum 529 Plan Contribution Limit Per Beneficiary.
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Contribution Limits For 529 Plans Range From Around $235,000 On The Low End To More Than $550,000 Per Beneficiary.
That means you can deposit up to $17,000 into 529 plans for your grandson, granddaughter,.
What Is The Limit On A Deduction To A 529 Plan?
Answer id 2208 | published 08/04/2006 08:28 am | updated 01/04/2024 03:33 pm.
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