529 Max Contribution 2024 Nj. If the contribution is below a certain limit each year, you won’t have to notify the irs of it. The agreement includes a provision to allow new jersey taxpayers to deduct 529 plan contributions of up to $10,000 per year from state.
For tax year 2022 and forward, the new jersey college affordability act allows for three income tax deductions for those who file tax returns showing gross. This limit is subject to the annual roth ira contribution.
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