529 Contribution Limits 2024 Nj. If your gross income is $200,000 or less, you can deduct the maximum amount of $10,000. In 2024, the annual 529 plan contribution limit rises to $18,000 per contributor.

This limit is subject to the annual roth ira contribution limit, which is $7,000 in 2024. 529 plan contribution limits and gift tax considerations;