Iowa 529 Contribution Limits 2024

Iowa 529 Contribution Limits 2024. The 529 plan must have been active for at least 15 years, and the rolled over funds must have been in the account for at least five years. For iowa residents, annual contributions of up to $5,500 per beneficiary per taxpayer may be deductible from iowa taxable income in 2024 (adjusted annually for inflation).

Ia residents can claim a tax deduction for contributions to a ia 529 plan. A 529 plan is a type of investment account you can use to save for qualified education expenses.