2024 529 Contribution Limits Married Filing Jointly

2024 529 Contribution Limits Married Filing Jointly. Starting in 2024, 529 account holders can transfer up to a lifetime limit of $35,000 to a roth ira established for a 529 designated beneficiary. Because contributions to a 529 plan are considered gifts, individuals can contribute up to $18,000 per year to a beneficiary’s 529 account without filing a gift tax return.

Since each donor can contribute up to $18,000 per beneficiary, a married couple can contribute up to $36,000 in a single year per child without needing to file form 709. The potential tax savings below are based on a married couple filing jointly, with an income of $100,000 annually, who contribute $200 per month ($2,400 annually).