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Oregon. $400,000. Pennsylvania. $511,758. Rhode Island. $520,000. South Carolina ... or lifetime, contribution limits. As a general rule, there is no annual maximum contribution limit to a 529 ...
529 Plan Tax Status: tax-deferred growth tax-free distributions tax-deductible contributions (varies by state) tax-deferred growth tax-free distributions Contributions: $2,000 limit per year per plan $500,000 to $235,000 per beneficiary (varies by state) [8] Distributions: qualified K-12 and post-secondary expenses
Image source: Getty Images. As of 2025, the contribution limits to 529 college savings plans range from a low of $235,000 to a high of $575,000. And here are the states with the highest ...
Beneficiaries of 529 college savings accounts would be permitted to rollover up to $35,000 over the course of their lifetime from any 529 account in their name to their Roth IRA. These rollovers are also subject to Roth IRA annual contribution limits, and the 529 account must have been open for more than 15 years. [18]
Many states limit contributions on 529 plans after account balances reach a certain amount. For example, the maximum account balance in New York is $520,000 . Restrictions to new rollover option
With higher education costs skyrocketing — the average annual cost of college in the United States was $36,436 in 2023 ... Annual contribution limits vary, ranging from $235,000 in Georgia and ...
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