California Max 529 Contribution 2024 Per Year

California Max 529 Contribution 2024 Per Year. So, using today’s limit, it would take you 5 years to roll over the entire $35,000 ($7,000 per year over 5 years). New rules allow a portion of funds in 529 college savings accounts to be rolled over into a roth individual retirement account (ira) account.

The limit is $35,000, as long as the 529 account has been open for at least 15 years. Although california has an income tax, the state does not currently offer a state income tax benefit for 529 plan contributions.