2024 529 Contribution Limits Irs. Another benefit to 529 plans is that there are no annual contribution limits, unlike sec. But people buy annuities for other reasons too, such as the ability to defer taxes and funnel money into an account with no contribution limits.
For the 2023 tax year, the maximum contribution to a traditional or roth ira is the lesser of (a) your taxable compensation for 2023, or (b) $6,500 (or $7,500 if you are age 50 or. A qualified tuition program (qtp), also referred to as a section 529 plan, is a program established and maintained by a state, or an agency or instrumentality of a state, that.