Max 529 Contribution 2024 Ny. However, each state sets its lifetime contribution limit for 529 accounts per beneficiary, typically ranging from $235,000 to more than $550,000. Ny 529 direct plan offers college savers tax benefits, low contribution minimums, flexibility, and low costs.

If you work in new york and pay new york state income taxes, you may be entitled to a state tax deduction of up to $5,000 ($10,000 if you’re married filing jointly) on. This limit is subject to the annual roth ira contribution limit, which is $7,000 in 2024.