Iowa 529 Plan Contribution Limits 2024

Iowa 529 Plan Contribution Limits 2024. While funding a 529 plan has long been a great way for families to contribute to save for. Recent state legislation has increased the tax deduction amount up to $5,500 for contributions to iowa’s two 529 plans, college savings iowa and the iadvisor 529.

Learn about the contribution and account balance limits on 529 plans and the difference in contribution limits among states. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.