Superfunding refers to making large 529 plan contributions using 5-year gift tax averaging. Superfunding allows individuals to contribute up to $90,000 to a child's or grandchild's 529 plan at once without gift tax consequences. Here are a few rules and tips to consider when considering superfunding a 529 plan.| Saving For College
You can withdraw up to the amount of a scholarship from your college savings plan without paying a penalty.| Kiplinger
3 likes, 2 comments - capstonewealthpartners on May 29, 2025: "It’s College 529 Day — you know… 5/29 😉. If your family isn’t already invested in a College 529 with @ohio529 or someone else, here's why you should consider it: 😌 It’s easy to setup: You basically don’t have to do anything. It’s all set up and managed for you. 💰 BIG tax benefits: Your 529 grows tax-deferred and can be accessed tax-free for education. Oh, and it may have a state tax deduction. (In Ohio, it...| Instagram
The Federal School Code List contains the unique identifiers assigned by the U.S. Department of Education to schools participating in the Title IV federal student aid programs. Students can enter these codes on the Free Application for Federal Student Aid (FAFSA®) form to indicate which postsecondary schools they want to receive their financial application results.| fsapartners.ed.gov
Saving money in advance in a 529 Plan can help parents offset the cost of college by growing their savings in an interest-free account.| Capstone Wealth Partners
Many grandparents choose to open a 529 college savings plan to help pay for college, and they must be aware of a few things before jumping in feet first.| Capstone Wealth Partners
A complimentary Zoom meeting or phone call to discuss your planning needs and give us both a chance to make sure your situation matches our expertise.| Capstone Wealth Partners
Complying with the annual gift tax limit can save you time and money when you are giving to family, friends and others.| Kiplinger
