Tami Zorina

529 Plan Max Contribution 2024 Canada. One of the many benefits of 529 plans is there is no federal. 529 contribution limits are set by each state plan and generally apply a total account limit per beneficiary.

In turn, making large contributions all at once could lead to tax. To qualify as a 529 plan under federal rules, plan balances cannot exceed the expected cost of a beneficiary’s qhee.