Iowa 529 Plan Contribution Limits 2024 Over 65

Iowa 529 Plan Contribution Limits 2024 Over 65. 529 plans for each state have their own contribution limits. Each state administers its own.

 — in addition, you need to have owned the 529 plan for at least 15 years before you can roll over funds, and any contributions made in the last five years before. 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.