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For a prepaid tuition plan the state s limit is a limit on the total contributions. Limits vary by state ranging from 235 000 to 529 000.

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Georgia mississippi and tennessee have the lowest maximum balance limits at 235 000 followed by.

529 plan contribution limits. The irs limits plan contributions to no more than what is necessary. 529 plan contributions maximum contribution limits. Each state has a maximum aggregate contribution limit per beneficiary.

Under federal law 529 plan balances cannot exceed the expected cost of the beneficiary s qualified higher education expenses. Prepaid tuition plan or college savings plan. A state s limit will apply to either kind of 529 plan.

And although 529 plan contribution limits are typically high across each state the limits apply to every type of 529 plan account you open per beneficiary. As a result most states have contribution limits of 300 000 and up and most states will raise their limits each year to keep up with rising college costs. The limit is intended to cover the cost of attending an expensive college and graduate school in the state.

Unlike iras or 401 k s there are no annual contribution limits for 529 plans. Another limit worth noting is the extent to which. Aggregate 529 plans limits apply to all 529 plans administered by a specific state and range from 235 000 to 529 000.

529 plan contribution limits by state state contribution limits range from around 200 000 on the low end to more than 500 000 on the high end per beneficiary. However there are maximum aggregate limits which vary by plan. Every state s 529 plan allows for maximum contributions of at least 235 000 per beneficiary.

You can save a lot of money in a 529 plan but adding funds too quickly can create.