Contribution limits for 529 plans are based on the total amount typically required to cover a beneficiary's qualified education expenses in the authorizing state, rather than being restricted by annual contribution caps.

Authors

• Person: Not available Organization: TurboTax
  Tax-Advantaged Accounts: How They Can Boost Your Savings

Sources

• Tax-Advantaged Accounts: How They Can Boost Your Savings turbotax.intuit.com TurboTax via serper

Referenced by nodes (1)

• Plan A concept