How much Ought i Contribute?

There are not any yearly 529 package sum limitations, however, there are numerous important things to take on when designing a giant share. For example, contributions more than the new yearly provide taxation exception ($sixteen,one hundred thousand during the 2022) often matter up against yourself estate and you may gift taxation exception to this rule ($ billion in the 2022).

Each county even offers an aggregate share restrict to possess 529 agreements, and this range off $235,100 so you’re able to $550,100. Which amount lies in the cost of planning a costly school and graduate university program, as well as textbooks and you will area and you will board.

As a general rule out of thumb, you could endeavor to cut in the you to-third of your own estimated coming university costs. That it assumes you can shelter the rest a couple of-thirds which have latest money, along with scholarship money, and you will college loans.

Most plans will let you created automatic repeating places away from a connected savings account, however it is not necessary. Once you create at least first share conditions (possibly as low as $25), you could potentially purchase to need, anytime. Читать далее →