Account owners may also make contributions to a 529 plan to avoid gift taxes. Typically, a gift tax would apply if you give someone more than $16,000 for the 2022 tax year. However, it’s ...

You can superfund a child's 529 account by making a lump-sum contribution of up to $95,000 ($190,000 if you're a married ...

More than 80 newborns across metro Detroit and southwest Florida entered the world on Saturday with a leg up for future ...

The downside of Ohio's 529 Plan is there's no online gift portal to share with friends or family for easy contributions. Instead, you can only receive gift certificates or mail-in-gift certificates.

529 savings plans offer a tax-advantaged way to pay for education. The money you invest in a 529 account grows tax-free, and you don’t pay capital gains taxes on your withdrawals if you use them ...

A 529 plan is a tax-advantaged account you can use ... down market and accelerate your contributions. An individual may gift up to $19,000 a year to a 529 account in 2025 without triggering ...

Parents who put money into 529 plans may find it tricky to find the ... other resources to cover the first year — like cash flow, gifts or student aid — while they give investments some ...