529 Conversion To Roth Ira 2024 Tax Implications. Specifically, up to $35,000 in funds kept in 529 accounts will be eligible for conversion into a roth ira account owned by the beneficiary, although several. Up to $35,000 (not indexed to inflation) can be rolled over to the.

Beginning this year, the secure act 2.0 allows owners of 529 plans to convert unused 529 funds to the beneficiary’s roth ira. It introduced two new rules relating to 529 plans and student debt that will take effect in 2024.