529 Plan Contribution Limits 2024 Married Filing Jointly. However, they’d need to put a hold on making further contributions for five years. If you’re married, both you and your spouse can claim the annual exclusion (totaling up to $30,000) by filing a gift tax return separately.

This exclusion is an individual one, meaning a married couple giving jointly could gift up to $36,000 to one beneficiary in 2024. Learn about the contribution and account balance limits on 529 plans and the difference in contribution limits among states.