529 Conversion To Roth Ira 2024 Tax Year

529 Conversion To Roth Ira 2024 Tax Year. While this is a great benefit, there are a number of rules you’ll need to follow.  — the rollover amount from a 529 plan into a roth ira account will be subject to the roth ira annual contribution limits set by the irs.

 — beginning in 2024, 529 account owners can roll over up to $35,000 of unused 529 funds to a roth ira for the beneficiary of the 529 plan — without incurring the 10%. What’s a roth ira conversion?