Iowa 529 2024 Contribution Limit. The law bumps up that tax deduction amount to $5,500 in 2024 for contributions to 529 plans through college savings iowa and the iadvisor 529 plan, as well as the iable plan. Contributions to college savings iowa or the iadvisor 529 plan that were previously deducted for iowa income tax purposes must be included as iowa income when distributed, unless they.

529 plan contribution limits for 2024. You can contribute as much money as you want, but there are tax incentives to stay within the gift tax limits.