529 Max Contribution 2024 Colorado State. For the 2023 tax year, the. In massachusetts, for example, savers can deduct only $1,000 in 529 contributions ($2,000 for a married couple filing jointly), while in colorado, the 2023 limit is $20,700 ($31,000 for joint.


529 Max Contribution 2024 Colorado State

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. 529 contribution limits are set by each state plan and generally apply a total account limit per beneficiary.

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