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Section 529 Plans: Gift Tax Rulespage item

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Tax Rules For Tuition Account Programs For College Education

Syracuse University in 1908

 

Tax Rules For Gifts To Section 529 Plans For College

Written by: Steven J. Fromm, J.D., LL.M. (Taxation)

Making gifts to children and grandchildren to fund their education are often times implemented through the use of Section 529 Plans.  This is an excellent way to accomplish this funding goal.  However, donors do not consider the following gift tax and gift tax return implications involved when making these gifts.  

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