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2. My wife and I saved up $73,000 in 529 college savings plans ...

   www.aol.com/finance/wife-saved-73-000-529...

   A 529 plan is a tax-advantaged savings plan designed to help parents or grandparents cover the costs of their child’s or grandchild’s education. ... the annual gift tax exclusion for 2024 is ...

3. The ‘grandparent loophole’ is putting much-needed money back ...

   www.aol.com/finance/grandparent-loophole-putting...

   Previously, distributions from a grandparent-owned 529 plan had to be reported as untaxed student income. ... You also have the option to gift five years’ worth ($90,000 for an individual and ...

4. Grandparents and Advisors Need to Know About These 529 ... - AOL

   www.aol.com/finance/grandparents-advisors-know...

   State and federal tax benefits make a 529 college savings account one of the more strategic ways to save money for college. But savers should be aware: Upcoming changes to the Free Application for ...

5. What to Know About the 529 Grandparent Loophole

   www.aol.com/finance/know-529-grandparent...

   Continue reading → The post How the 529 Grandparent Loophole Works appeared first on SmartAsset Blog. A 529 plan can be a powerful way to save for college, offering tax-free growth and other tax ...

6. Coverdell education savings account - Wikipedia

   en.wikipedia.org/wiki/Coverdell_education...

   A Coverdell education savings account (also known as an education savings account, a Coverdell ESA, a Coverdell account, or just an ESA, and formerly known as an education individual retirement account), is a tax advantaged investment account in the U.S. designed to encourage savings to cover future education expenses (elementary, secondary, or college), such as tuition, books, and uniforms ...

7. 529 plan contribution limits for 2024: What college savers ...

   www.aol.com/finance/529-plan-contribution-limits...

   This avoids gift tax on $90,000 in 2024 by treating it as if it was contributed over a five-year period. ... Almost anyone can open a 529 plan. Parents, grandparents and other relatives can ...