Iowa 2024 529 Contribution Limits . Annual contributions over $18,000 must be reported to the irs. Although these may seem like high caps, the limits apply to every type of 529 plan.
Since each donor can contribute up to $18,000 per. Good news, while there is a maximum aggregate 529 plan contribution limit, there is no annual 529 plan contribution.
Learn About The Contribution And Account Balance Limits On 529 Plans And The Difference In Contribution Limits Among States.
Iowa offers a state tax deduction for contributions to a 529 plan of up to $3,875 for single filers and $7,570 for married filing jointly tax filers per beneficiary.
Contribution Limits For 529 Plans Range From Around $235,000 On The Low End To More Than $550,000 Per Beneficiary.
Keep in mind this number.
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For Iowa Residents, Annual Contributions Of Up To $5,500 Per Beneficiary Per Taxpayer May Be.
However, there are maximum aggregate limits, which vary by plan.
What Is The Maximum Annual 529 Plan Contribution Limit?
Contributions to an iowa 529 plan of up to $5,500 for 2024 per beneficiary by an individual, and up to $11,000 per beneficiary by.