Andy Christean

Ny 529 Plan Contribution Limits 2024. In 2024, you can contribute up to $18,000 per beneficiary per year before you’d need to file irs form 709. 529 plan contributions are not deductible from federal income tax, but over 30 states offer a state income tax deduction or state income tax credit for 529 plan.

While funding a 529 plan has long been a great way for families to contribute to save for. The aggregate 529 contribution limit varies across states from $235,000 to greater than $550,000, with the threshold set to ensure that potential costs for higher.