Maximum 529 Contribution 2024 Pennsylvania. One of the many benefits of 529 plans is there is no federal limit on the amount you can contribute. How much can i contribute?
The pa 529 ip is affordable with low fees that vary by investment option. * $17,000 for tax year 2023.
1, 2022, The Contribution Can Be Up To $16,000 For Any Number Of Beneficiaries, As Long As There Is Sufficient Income To Cover.
For tax years beginning on or after jan.
This Chart Shows The Amounts A Taxpayer Can Contribute To A Beneficiary Per Tax Year.
* $16,000 for tax year.
Pa 529 Account Owners May Deduct Up To $17,000 (Previously $16,000) Of Contributions To Their Accounts, Or $34,000 (Previously $32,000) For Couples Filing Jointly, Provided Both.
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You Can Fund A 529 Plan With Up To 5 Years’ Worth Of Contributions All At Once.
Who can contribute to a pa 529 account?
For Tax Years Beginning On Or After Jan.
The guarantee of the pa 529 guaranteed savings plan is an obligation of the gsp fund, not the commonwealth of pennsylvania or any state agency.
Contribution Limits For 529 Plans Range From Around $235,000 On The Low End To More Than $550,000 Per Beneficiary.
