529 Plan Contribution Limits 2024 Married Filing Jointly

529 Plan Contribution Limits 2024 Married Filing Jointly. For example, new york state taxpayers using a new york 529 plan may be able to deduct up to $5,000 (or $10,000 for married couples filing jointly) on their state tax returns. The vast majority of people do not need to worry about this, as.

Unlike retirement accounts, the irs does not impose annual contribution limits on 529 plans. For 2022, that’s $16,000 per child, per parent.