529 To Roth Ira 2024

529 To Roth Ira 2024. Starting in 2024, you can roll unused 529 assets—up to a lifetime limit of $35,000—into the account beneficiary's roth ira, without incurring the usual 10% penalty for nonqualified. Learn how, along with important rules and limits, here.

529 beneficiaries can convert a portion of unused funds to a roth ira starting in 2024. Under the new law, beginning in 2024, you can withdraw funds from an existing 529 plan and roll them into a roth ira.