529 Rollover To Roth Ira 2024. This provision takes effect in 2024, not 2023. Starting in 2024, families can roll unused 529 plan funds to the account beneficiary’s roth individual retirement account, without triggering income taxes or.


529 Rollover To Roth Ira 2024

Starting in 2024, the new provision allows up to a lifetime total of $35,000 to be rolled over from a 529 plan to a roth ira established in the name of the beneficiary. When former 529 dollars are ultimately distributed from the roth ira, any funds rolled.

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