Iowa 529 Plan Limit 2024 Over 50. 529 contribution limits are set by states and range from $235,000 to $575,000. In addition to the new tax deduction amount, iowa’s 529 account owners now will be able to transfer up to a lifetime limit of $35,000 to a roth ira in the.
The law bumps up that tax deduction amount to $5,500 in 2024 for contributions to 529 plans through college savings iowa and the iadvisor 529 plan, as. In 2024, individuals can gift up to $18,000 in a single 529 plan without those funds counting against the lifetime gift tax exemption amount.