Joan Elsbeth

Max Contribution To 529 2024. My529 will accept contributions to your account or accounts until all account balances for the same beneficiary total $560,000. Nearly every state offers a 529 savings plan, but each sets a maximum contribution limit.

Although these may seem like high caps, the limits apply to every type of 529 plan account you open per child. If you are a participant and also an iowa taxpayer, you can deduct up to $5,500 of your contributions per beneficiary account, including rollovers, from your iowa income taxes in 2024.