Maximum 529 Contribution 2024 Ny State. Dinapoli today announced employer contributions rates for the new york state and local retirement system (nyslrs) for state fiscal. Each state manages its own 529 plan limits and potential tax deductions.
Account owners can deduct up to $5,000 in plan contributions from new york state income taxes each year if single, and $10,000 if married filing jointly. For married couples filing jointly, the limit is $36,000.