The 529 structure solves for tax efficiency, control over use of the gift and takes advantage of continued long-term compounding. Current gift tax rules allow for each individual to gift up to $ ...

There are not many things you can buy at Christmas that will last long, but there is one gift you can ask for that could be very valuable in the future, and that is a contribution to a 529 for ...

Reason No. 2 to use a 529: Gift tax benefits. Taxpayers are allowed to gift a certain dollar amount each calendar year that is free of gift taxes. Normally, that means you can make an $18,000 gift ...

"I thought that was pretty darn cool." As overall participation rates in 529 college savings plans have been rising, so too are gifts from friends and family. Altogether, total investments in 529 ...

All of the limits having to do with 529 savings plan contributions are aggregate, or lifetime contribution limits. There's no ...

529 college savings plans are run by the states, and each state can set its own contribution limit. There aren’t per-year contribution limits, but high contributions could have gift tax ...

Families should be aware of possible gift tax consequences when it comes to funding a 529 account. In 2021, a single person can give up to $15,000 per person, per beneficiary to a 529, equating to ...

"A $50,000 gift, for example, would reduce aid eligibility by over $20,000." Grandparents hoping to chip in for a grandchild's college education can open a 529 plan themselves or contribute to a ...

There's a rule that allows up to five times the annual gift tax exclusion to be contributed to a 529 plan in a single year (that would be $95,000 in 2025), only if no other contributions are made ...