Ny 529 Contribution Limit 2024

Ny 529 Contribution Limit 2024. Individuals may contribute as much as $90,000 to a 529 plan in 2024 ($85,000 in 2023) if they treat the contribution as if it were. You can contribute up to $18,000 per year ($36,000 if married filing jointly) without triggering federal gift taxes.

Contributions by check must be made payable to new york’s 529 college savings program direct plan , and include your account number (if you’re not the account. Ny 529 direct plan offers college savers tax benefits, low contribution minimums, flexibility, and low costs.