Iowa 529 Max Contribution 2024

Iowa 529 Max Contribution 2024. The total balance of a 529 plan cannot exceed the projected total costs of the beneficiary’s higher education. Iowa offers a state tax deduction for contributions to a 529 plan of up to $5,500 for single filers and $11,000 for married filing jointly tax filers per beneficiary.

The law bumps up that tax deduction amount to $5,500 in 2024 for. Maximum aggregate plan contribution limits range from $235,000 to $529,000 (depending on the state), but such limits generally do not apply across states.