Maximum Contribution To 529 Plan 2024. 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. Unlike retirement accounts, the irs does not impose annual contribution limits on 529 plans.
Each state sets 529 plan contribution limits, which range from $235,000 to $575,000. When you purchase through links on our site, we may earn an.