Iowa 529 Deduction Limit 2024. Contribution limits for 529 plans range from around $235,000 on the low end to more than $550,000 per beneficiary. Beginning january 1, 2018, for iowa tax purposes, qualified education expenses include up to $10,000 per beneficiary, per year for tuition expenses for attending an accredited.

Although these may seem like high caps, the. 529 contribution limits are set by each state plan and generally apply a total account limit per beneficiary.