Tommi Gratiana

Iowa 529 Max Contribution 2024 Income Limits. For iowa residents, annual contributions of up to $5,500 per beneficiary per taxpayer may be deductible from iowa taxable income in 2024 (adjusted annually for inflation). For example, married iowa participants who contribute to accounts on behalf of their two children can deduct up to $ 22,000 (4 x $5,500).

529 plans do not have an annual contribution limit. Iowa taxpayers have until the iowa individual income tax return deadline for a given year to contribute to their isave 529 accounts for that year.