Maximum 529 Contribution 2024 Virginia

Maximum 529 Contribution 2024 Virginia. With a virginia 529 account, virginia taxpayers who own 529 accounts may contribute what they’d like to the 529 account and then deduct on their state tax return. The max contributions to 529 plans vary based on the state plan you’re enrolled in.


Maximum 529 Contribution 2024 Virginia

However, each state sets its lifetime contribution limit for 529. In turn, making large contributions all at once could lead to tax penalties.

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