Pa 529 Max Contribution 2024 Contribution. The annual gift tax exclusion is. In 2024, you can contribute up to $18,000 per beneficiary per year before you’d need to file irs form 709.
The pa state income tax deduction for 529 contributions is available to any pa taxpayer, making gift contributions an attractive benefit for family members or friends. However, each state sets its lifetime contribution limit for 529 accounts per beneficiary, typically ranging from $235,000 to more than $550,000.
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