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18 mar 2024 · There are no annual contribution limits for New York 529 plans, other than the annual gift tax exclusion and 5-year gift-tax averaging. New York 529 plans have the highest cumulative contribution limit of $520,000 per beneficiary.
- Maximum 529 Plan Contribution Limits by State
There are no yearly 529 plan contribution limits, as there...
- Maximum 529 Plan Contribution Limits by State
Investment returns are not guaranteed, and you could lose money by investing in the Direct Plan.. For more information about New York's 529 College Savings Program Direct Plan, download a Disclosure Booklet and Tuition Savings Agreement or request one by calling 877-NYSAVES (877-697-2837).This document includes investment objectives, risks, charges, expenses, and other information.
27 mar 2024 · 529 contribution limits are set by states and range from $235,000 to $575,000. Annual contributions over $18,000 must be reported to the IRS.
16 wrz 2024 · There are no yearly 529 plan contribution limits, as there are with many retirement accounts. However, each state sets its lifetime contribution limit for 529 accounts per beneficiary, typically ranging from $235,000 to more than $550,000.
1 paź 2024 · The max contributions to 529 plans vary based on the state plan you’re enrolled in. Below is a list of 529 contribution limits for 2024 in every state. States with Highest Aggregate Limits. The states with the highest allowed aggregate 529 contribution limits include: • Arizona. • New Hampshire. • South Carolina. • Utah. • Wisconsin.
28 cze 2023 · In 2023, you can contribute up to $17,000 to a 529 plan ($34,000 as a married couple filing jointly) and qualify for the annual gift tax exclusion, which lets you avoid the gift tax.
The Direct Plan doesn't charge additional fees for non-New York residents—and it has some of the lowest costs of any 529 plan. You pay only $1.20 in fees per year for every $1,000 that you invest (0.12% total annual asset-based fee).
