529 Max Contribution 2024 Irs. The irs considers contributions to a 529 plan as completed gifts for federal tax purposes. [1] keep in mind that $35,000 is a lifetime cap and the rollovers are subject to the roth.
[1] keep in mind that $35,000 is a lifetime cap and the rollovers are subject to the roth. Beginning in 2024, 529 account owners can roll over up to $35,000 of unused 529 funds to a roth ira for the beneficiary of the 529 plan โ without incurring the 10% penalty for.