529 Contribution Limits 2024 Indiana

529 Contribution Limits 2024 Indiana. College choice 529 investment plan. Any number of people can contribute to the same collegechoice 529 account, but total contributions cannot exceed $450,000 for all accounts for the same beneficiary in 529 plans.


529 Contribution Limits 2024 Indiana

Any number of people can contribute to the same collegechoice 529 account, but total contributions cannot exceed $450,000 for all accounts for the same beneficiary in 529 plans. In 2024, the annual 529 plan contribution limit rises to $18,000 per contributor.

Collegechoice 529 Savings Plan Is Administered By The Indiana Education Savings Authority.

This is an aggregate contribution limit, meaning the maximum total can be contributed to.

A Special Indiana Tax Credit.

Unlike retirement accounts, the irs does not impose annual contribution limits on 529 plans.

Collegechoice 529 Direct Savings Plan:

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A Special Indiana Tax Credit.

Each state sets a maximum 529 plan contribution limit per beneficiary.

What If Saving For College Could Actually Help You Save On Taxes?

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A Number Of Updates To Federal And Indiana State Law Went Into Effect As Of January 1, 2024.