Iowa 529 Plan Limit 2024 Married. 529 contribution limits are set by each state plan and generally apply a total account limit per beneficiary. Contributions of up to $5,500 per beneficiary per iowa taxpayer who is a participant are deductible from iowa taxable income in 2024 (adjusted annually for inflation) 3.

529 plan contribution limits (2023 & 2024) technically, contributions can not exceed the amount necessary to provide for the qualified education expenses of the. They range from $235,000 to $575,000.