529 Plan Max Contribution 2024

529 Plan Max Contribution 2024. 529 plan contribution limits (2023 & 2024) technically, contributions can not exceed the amount necessary to provide for the qualified education expenses of the. Usually, annual contributions to any individual above a certain threshold ($18,000 in 2024, up from $17,000 in 2023) would count against your lifetime gift tax exemption of $13.61 million for.

However, only contributions up to $18,000 per. If the contribution is below a certain limit each year, you won’t have to notify the irs of it.