A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged ...

In 2025, the 529 Plan contribution limit rises to $19,000 per contributor. Unlike retirement accounts , the IRS does not impose annual contribution limits on 529 plans.

Although 529 savings plan contributions aren't deductible on your federal income tax return, they can be deducted on state income tax returns in many cases. Plus, 529 savings plan contributions ...

Each state offers a 529 plan, providing families an opportunity to save for their child’s education. While this once only applied to colleges, the Tax Act of 2017 now allows contributions to be ...

529 college savings plans are run by the states, and each state can set its own contribution limit. There aren’t per-year contribution limits, but high contributions could have gift tax ...

All of the limits having to do with 529 savings plan contributions are aggregate, or lifetime contribution limits. There's no ...

Over half of the states with plans offer a full or partial state income tax deduction or credit for 529 plan contributions, although some states limit the tax breaks to contributions to in-state ...

The states with the highest 529 plan contribution limits allow as much as $575,000 to be saved for a single beneficiary’s education. Depending on the type of school your child or loved one ...

Some states offer deductions for 529 plan contributions up to certain limits. 529 plan contributions and qualified withdrawals are tax-free. If you pay state income taxes, you’ll need to report ...