Iowa 529 Contribution Limit 2024. For iowa residents, annual contributions of up to $5,500 per beneficiary per taxpayer may be deductible from iowa taxable income in 2024 (adjusted annually for inflation). The law bumps up that tax deduction amount to $5,500 in 2024 for contributions to 529 plans through college savings iowa and the iadvisor 529 plan, as well as the iable.
Learn about the contribution and account balance limits on 529 plans and the difference in contribution limits among states. A 529 plan is a type of investment account you can use to save for qualified education expenses.