529 Conversion To Roth Ira 2024 Taxes
529 Conversion To Roth Ira 2024 Taxes. Beneficiaries of a 529 plan will be able to convert a lifetime total of $35,000 from a 529 plan to a roth ira without incurring taxes or penalties. Starting in 2024, you can roll unused 529 plan funds to a roth individual retirement account, without taxes or penalties.
529 education savings plan beneficiaries can transfer unused 529 funds to a roth ira. Beginning this year, the secure act 2.0 allows owners of 529 plans to convert unused 529 funds to the beneficiary’s roth ira.
