No more than $5,000 a year may be paid in before the child turns 18
What the document says“The aggregate amount of contributions (other than exempt contributions) for such calendar year shall not exceed $5,000.”
The section caps contributions for a calendar year before the beneficiary turns 18 at $5,000, not counting exempt contributions, which are a qualified rollover contribution, a qualified general contribution or a contribution under section 6434. No deduction is allowed under section 219 for a contribution made before that year, and section 219(f)(3) does not apply to such a contribution. From a taxable year after 2027 the $5,000 rises by a cost of living adjustment measured from calendar year 2026, rounded down to the nearest $100.
What the document actually says“The aggregate amount of contributions (other than exempt contributions) for such calendar year shall not exceed $5,000.”
No more than $5,000 may go in for a calendar year. Some kinds of payment do not count toward that cap.
Rollovers and general gifts are among those. No tax deduction is given for paying in. The cap grows with prices after 2027.
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