Indiana 529 Contribution Limits 2024 Income. The new indiana state income tax contribution deadline allows for contributions initiated after december 31 of any tax year beginning with 2023, through the due date of that. Unlike retirement accounts, the irs does not impose annual contribution limits on 529 plans.
Indiana offers a 20% tax credit worth up to $1,500 ($750 for married filing separately) for contributions made to an indiana 529 plan, regardless of tax filing status. Effective january 1, 2024, 529 account owners will be able to rollover savings from their 529 plan account into a roth ira without incurring any federal income tax or penalty.
Indiana 529 Contribution Limits 2024 Income Images References :
