Max 529 Contribution 2024 Ny. Instead, limits are based on aggregate. While there is technically no yearly contribution limit, contributions to a 529 plan are considered gifts for federal tax purposes.

In 2023, you can contribute up to $17,000 to a 529 plan ($34,000 as a married couple filing jointly) and qualify for the annual gift tax exclusion, which lets you. Each state sets 529 plan contribution limits, which range from $235,000 to $575,000.