Jaclyn Corenda

2024 Pa 529 Limit Increase. * $18,000 for tax year 2024. 2024 has brought new rules for 529 college savings accounts, including the ability to roll over funds to a roth ira without taxes or penalties.

Be aware that there is a maximum amount of $35,000, as a lifetime limit, that can be rolled from a 529 plan to a roth ira. You’d have to give $13.61 million (as of 2024) over your lifetime to trigger taxes, so most people won’t come anywhere close to the lifetime cap, though congress may raise or lower it.