2024 Pa 529 Limit 2024. In 2024, individuals can gift up to $18,000 in a single 529 plan without those funds counting against the lifetime gift tax exemption amount. You’d have to give $13.61 million (as of 2024) over your lifetime to trigger taxes, so most people won’t come anywhere close to the lifetime cap, though congress may raise or lower it.

Annual contributions over $18,000 must be reported to the irs. Nearly every state offers a 529 savings plan, but each sets a maximum contribution limit.