529 Contribution Limits 2024 Iowa. The max contributions to 529 plans vary based on the state plan you’re enrolled in. Find out the overall balance limit, the gift tax exclusion, the state.
“starting in 2024, the secure 2.0 act allows savers to roll unused 529 funds into the beneficiary’s roth ira without a tax penalty,” says lawrence sprung, author of financial. Iowa treasurer roby smith announces increased tax deduction amount up to $5,500 and lifetime transfer limit of $35,000 for contributions to iowa’s 529 plans and iable.