Colorado 529 Contribution Limits 2024. January 31, 2024 · 5 min read. Colorado fiscal institute communications director elliot.
Currently, you can contribute until the balance per beneficiary reaches $350,000. One of the many benefits of 529 plans is there is no federal limit on the amount you can contribute.
Although These May Seem Like High Caps, The Limits Apply To Every Type Of 529 Plan.
When you contribute money to a 529 plan, it’s considered a gift by the irs.
January 31, 2024 · 5 Min Read.
Each state sets a maximum 529 plan contribution limit per beneficiary.
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.
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If The Contribution Is Below A Certain Limit Each Year, You Won’t Have To Notify The Irs Of It.
In 2024, the annual 529 plan contribution limit rises to $18,000 per contributor.
Colorado Fiscal Institute Communications Director Elliot.