The term “college for financial planning 2025 annual limits” refers to the maximum amount of money that can be contributed to a 529 plan in 2025. This limit is set by the Internal Revenue Service (IRS) and is adjusted annually for inflation. For 2023, the annual contribution limit is $16,500 per beneficiary.
529 plans are tax-advantaged savings plans that can be used to pay for qualified education expenses, such as tuition, fees, and room and board. Earnings on investments in a 529 plan grow tax-free, and qualified withdrawals are also tax-free.