529 Rollover To Roth Ira 2024

529 Rollover To Roth Ira 2024. Beneficiaries of a 529 plan will be able to convert a lifetime total of $35,000 from a 529 plan to a roth ira without incurring taxes or penalties. Starting in 2024, you can roll unused 529 plan funds to a roth individual retirement account, without taxes or penalties.

Up to $35,000 (not indexed to inflation) can be rolled over to the. The secure act 2.0 adds an option to roll over excess 529 funds to a roth ira tax free.