This is in your 12/28/22 IRA update by By Sarah Brenner, JD:

HAPPY HOLIDAYS! CONGRESS GIFTS SECURE 2.0

“Rollovers from 529 plans to Roth IRAs: In response to concerns that unused funds could be trapped in a 529 plan, Congress is allowing 529 plan funds to be rolled over to Roth IRAs. The limit is $35,000 and the 529 plan must be open for more than 15 years. This becomes effective in 2024.”

I assume the $35,000 limit is a per person limit, cumulative over the life of the 529 account owner – correct?
In other words, it is not $35,000/yr or $35,000/ account.

Spouse 1 could rollover $35,000 over his/her lifetime.
Spouse 2 could rollover $35,000.over his/her lifetime.

Total for a married couple = $70,000 in rollovers.

I could roll multiple 529 accounts that I own (I have lots of grandchildren) into a Roth IRA I own over many years – as long as the total doesn’t exceed $35,000.

Thank you.