The 529 structure solves for tax efficiency, control over use of the gift and takes advantage of ... Specific securities mentioned are used as examples for illustrative purposes only and should ...
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Think outside the gift box: how to gift a 529 this holiday seasonThere 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 ...
"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 ...
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The gift of education: Getting friends and family to contribute to your kid’s 529 account is 'pretty darn cool'Financial experts often recommend a 529 college savings plan ... Otherwise, you can set up a personalized gift page through an app like Backer and share the link with your loved ones ahead ...
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 ...
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