Iowa 529 Contribution Limit 2024 Income. In 2024, you can contribute up to $18,000 per beneficiary per year before you’d need to. Keep in mind this number.

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. In 2024, individuals can gift up to $18,000 in a single 529 plan without those funds counting against the lifetime gift tax exemption amount.