529 Plan Contribution Limits 2024 Maryland. Each state sets 529 plan contribution limits, which range from $235,000 to $575,000. The irs considers contributions to a 529 plan as completed gifts for federal tax purposes.
Another option beginning in 2024, secure 2.0 allows for a rollover of unused amounts in a 529 college savings plan account to a roth ira maintained for the same account beneficiary. Where do i report it?
529 Plan Contribution Limits 2024 Maryland Images References :