Indiana 529 Contribution Limits 2024 Calculator

Indiana 529 Contribution Limits 2024 Calculator. In 2024, you can contribute up to $18,000 per beneficiary per year before you’d need to file irs form 709. Indiana offers a 20% tax credit worth up to $1,500 ($750 for married filing separately) for contributions made to an indiana 529 plan, regardless of tax filing status.

Effective january 1, 2024, 529 account owners will be able to rollover savings from their 529 plan account into a roth ira without incurring any federal income tax or penalty. Each state’s 529 plan vendor sets its own aggregate contribution limit.