Va 529 Contribution Limit 2024 Over 55. In 2024, you can give up to $18,000 per person without impacting your lifetime gift tax exemption. Contributions to a 529 plan are treated as a completed gift to a student and are generally excludable from the account owner’s taxable estate.

Since each donor can contribute up to $18,000 per beneficiary, a married couple. For example, the maximum contribution for virginia529 is $550,000.