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The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged accounts such as 401(k)s and Roth IRAs, though some limits do exist.
The 529 funds you roll over count toward your IRA annual contribution limit. You can move a maximum of $35,000 from a 529 plan to a Roth IRA during your lifetime.
Here are the pros and cons of using a 529 or a Roth IRA to pay for college. ... the contribution limits can be higher for 529 plans than they would be for an IRA. ... $1,000 a year. The 529 plan ...
In other words, if the IRS limit for Roth IRA contributions is $7,000, that's all you can move over in a single year. But now, there's less pressure to spend down a 529 plan on education costs ...
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 ...
Annual 529-to-Roth transfers are limited to the lesser of the annual Roth IRA contribution limit ($7,000 in 2024 for adults under 50) or the recipient's actual earnings during that year.
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