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Jean wants to save enough for her grandson to go to college…

Posted byAnonymous January 23, 2024

Questions

Jeаn wаnts tо sаve enоugh fоr her grandson to go to college at an expensive University on the East Coast.  She anticipates that tuition will run in excess of $50,000  per year for 4 years.  She has heard about 529 plans and the concept of gift splitting. Jean is married.  What is the maximum amount she could put in a 529 plan in a single year if she files a gift tax return and DOES NOT use gift splitting.  Assume 2024 tax code.

Tags: Accounting, Basic, qmb,

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