529 Contribution Limits 2024 Iowa
529 Contribution Limits 2024 Iowa. In 2024, the annual 529 plan contribution limit rises to $18,000 per contributor. If a participant (saver) is an iowa taxpayer, they can deduct up to $5,500 in contributions per beneficiary account from their state income taxes in 2024.
However, each state sets its lifetime contribution limit for 529. Nearly every state offers a 529 savings plan, but each sets a maximum contribution limit.