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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 ...
For example, in 2018, the IRS expanded the law in 2018 to allow 529 owners to use up to $10,000 per year to pay for tuition at K-12 schools. Pros and Cons of 529 Plans The main attraction of a 529 ...
But a 529 college savings plan can help. These tax-friendly savings vehicles offer a range … Continue reading → The post 529 Plan Benefits: What Your College Savings Fund Can Do for You ...
Opening a 529 plan is a tax-advantaged way to set aside money for college. The money you contribute can grow tax-deferred and qualified withdrawals are tax-free. While there is no federal tax ...