Va 529 Contribution Limit 2024. Virginia excels with its breadth of 529 options and its high $500,000 maximum contribution limit per beneficiary. Each state’s 529 plan vendor sets its own aggregate contribution limit.

At that point, the accounts can grow higher through. In 2024, individuals can gift up to $18,000 in a single 529 plan without those funds counting against the lifetime gift tax exemption amount.