Illinois 529 Contribution Limit 2024

Illinois 529 Contribution Limit 2024. “starting in 2024, the secure 2.0 act allows savers to roll unused 529 funds into the beneficiary’s roth ira without a tax penalty,” says lawrence sprung, author of financial. Annual contributions over $18,000 must be reported to the irs.

Bright start provides the following: Start making a strategy for how to time your 529 plan deposits and look into the tax benefits of making.