Iowa 529 Plan Contribution Limits 2024. Although these may seem like high caps, the limits apply to every type of 529 plan account you open. If you are a participant and also an iowa taxpayer, you can deduct up to $5,500 of your contributions per beneficiary account, including rollovers, from your iowa income taxes.
Iowa offers a state tax deduction for contributions to a 529 plan of up to $5,500 for single filers and $11,000 for married filing jointly tax filers per beneficiary. Taxpayers can roll over funds from an.