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Here are the aggregate 529 plan contribution limits for each state, listed alphabetically: ... Ohio. $541,000. Oklahoma. $450,000. ... as long as no other contributions are made in the five-year ...
Image source: Getty Images. As of 2025, the contribution limits to 529 college savings plans range from a low of $235,000 to a high of $575,000. And here are the states with the highest ...
For example, a 529 plan in which $2,000 is deposited each year for 18 years would accumulate over $4,000 in fees with a 1.1% expense ratio but only $1,400 in fees with a 0.4% expense ratio – a savings of $2,600. Generally, direct-sold 529 plans have lower fees than advisor-sold 529 plans. [27]
Here’s what you need to know about 529 plan contribution limits. ... a married couple can contribute up to $38,000 in a single year per child without needing to file Form 709. If you have two ...
Unlike with 401(k) plans and other retirement savings vehicles, the IRS does not set annual contribution limits for 529 college savings plans. Instead, the states that sponsor individual 529 plans ...
While there aren’t limits on how much you can contribute each year, most states cap the total amount you can contribute over time. ... annual contribution limit for 2025 is $7,000, so you have ...
The plan is available for both in-state and out-of-state savers, and it offers up $4,000 in state tax deductions per beneficiary for Ohio residents. New York’s 529 plan, Direct Plan
Now a 529 plan can be used to pay off up to $10,000 in the beneficiary’s student loans as well as up to an additional $10,000 in student loans for each of the beneficiary’s siblings. 8. A 529 ...
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