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  2. 529 plan contribution limits for 2024: What college savers ...

    www.aol.com/finance/529-plan-contribution-limits...

    A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged ...

  3. 529 plan - Wikipedia

    en.wikipedia.org/wiki/529_plan

    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]

  4. Are 529 College Savings Plans Tax Deductible?

    www.aol.com/529-college-savings-plans-tax...

    State. Tax Treatment of 529 Plan Contributions. California. No deduction or credit. Illinois. Maximum deduction of $10,000 ($20,000 for married joint filers) per year

  5. You can now move any money left over in your 529 college ...

    www.aol.com/finance/now-move-money-left-over...

    The maximum amount that can be rolled over into a Roth IRA from a 529 plan is $35,000 per beneficiary, per account. But, for 2024, the total contribution can’t exceed $7,000 per beneficiary ...

  6. New bill allows unused 529 college funds to become a ...

    www.aol.com/finance/bill-allows-unused-529...

    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.

  7. What Is a 529 Plan? Everything You Need to Know - AOL

    www.aol.com/529-college-savings-plans-worth...

    Annual contribution limits vary, ranging from $235,000 in Georgia and Mississippi to $575,000 in Arizona. The IRS does consider these contributions gifts, so any amount over the annual exclusion ...

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