529 Contribution Limits 2024 Parents

529 Contribution Limits 2024 Parents. You can contribute as much money as you want, but there are tax incentives to stay within the gift tax limits. As of january 1, 2024, when you discover you have extra money in your child’s 529 plan, there is a fourth option to.

For example, 2 parents or 2 grandparents could max out their annual gift exclusion in december, contributing $36,000 to the 529 account, then, when they’re free. This means you can contribute a total of $54,000 each year.