Virginia 529 Max Contribution 2024. With both of the plans listed above, your maximum aggregate. This is an aggregate contribution limit, meaning the maximum total can be contributed to.
The virginia 529 plan can be contributed to until the market value reaches $500,000. Virginia residents can contribute up to $550,000 in total to 529 plans.
At That Point, The Accounts Can.
The virginia 529 plan can be contributed to until the market value reaches $500,000.
Tax Season Is Officially Underway, And Individuals Are Preparing Their Financial Records To Get Tax Returns Ready.
January 31, 2024 · 5 min read.
Each State’s 529 Plan Vendor Sets Its Own Aggregate Contribution Limit.
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Low Fees, Flexible &Amp; Easy Account Management.
In 2024, the annual 529 plan contribution limit rises to $18,000 per contributor.
If You're A Virginia Taxpayer And Contribute $5,000 To A Virginia529 Savings Plan During One Year, You Can Deduct $4,000 On Your Tax Return For That Year And $1,000 On Your Tax.
529 contribution limits are set by each state plan and generally apply a total account limit per beneficiary.