Iowa 529 Max Contribution 2024 Over 55. A 529 plan is a type of investment account you can use to save for qualified education expenses. Recent state legislation has increased the tax deduction amount up to $5,500 for contributions to iowa’s two 529 plans, college savings iowa and the iadvisor 529 plan, and iable, iowa’s achieving a.
If you are an account owner and also an iowa taxpayer, you can deduct up to $5,500 of your contributions per beneficiary account, including rollovers, from your iowa income. In 2024, the annual 529 plan contribution limit rises to $18,000 per.
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