529 Max Contribution 2024
529 Max Contribution 2024. Annual contributions over $18,000 must be reported to the irs. “starting in 2024, the secure 2.0 act allows savers to roll unused 529 funds into the beneficiary’s roth ira without a tax penalty,” says lawrence sprung, author of financial.
This limit is subject to the annual roth ira contribution limit, which is $7,000 in 2024. This means all earnings in your account are reinvested, not depleted by taxes.