Iowa 529 Contribution Limit 2024 Married. The law bumps up that tax deduction amount to $5,500 in 2024 for contributions to 529 plans through college savings iowa and the iadvisor 529 plan, as well as the iable. โ governor reynolds has signed a bill into law that raises the maximum tax deduction for contributing to a โcollege savings iowaโ account to $5200.
Anyone can contribute to a 529 plan and name anyone as a beneficiary. โ if the contribution is below a certain limit each year, you wonโt have to notify the irs of it.
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