Florida 529 plans

[Tar41]

Is there a contribution limit to Florida's 529 plans for 2024? Is there one that stands out from another?

[SwapnaM]

529 contribution limits are set by each state plan and generally apply a total account limit per beneficiary. They range from $235,000 to $575,000. You also might trigger the gift tax if you contribute more than $18,000 to a 529 account or multiple accounts with the same beneficiary in 2024. For Florida, the max limit is $418,000.

Some of the key things to look for in a 529 plan: 

1. State tax benefits. First, see what tax breaks your state offers for qualified higher-education expenses. 
2. Fees & cost. The less you pay in fees and costs, the more you'll have left to pay for college.
3. Investment choices. 
4. Initial investment amount.

https://turbotax.intuit.com/tax-tips/college-and-education/information-on-529-plans/L0vrZiFuC 

https://turbotax.intuit.com/tax-tips/college-and-education/cash-for-college-tax-free-529-plans/L63bM... 

@Tar41 Thanks for the question!!