529 Plan Contribution Limits 2024 Nj. In turn, making large contributions all at once could lead to tax penalties. Learn about the contribution and account balance limits on 529 plans and the difference in contribution limits among states.
To qualify, families must contribute to the nj better education savings trust (njbest) 529 plan. “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 planning made.
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