The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/5-year-accelerated-gift-for-529-plan-23410690.aspx

Subject:  5-Year Accelerated Gift for 529 Plan Date:  12/10/2005  8:28 PM
Author:  TMFJacoby Number:  81859 of 121182

My wife and I plan to take advantage of the 5-year gift acceleration for our son's 529 plan. As a married couple, we can contribute up to $110,000 to the 529. We then can't make another untaxed gift for 5 years.

My Question: If we give $70,000 this year and $40,000 next year, does the 5-year clock "reset"? In other words, if we do it this way, is it actually 6 years from now before we could give again?

Any thoughts would be appreciated, as well as a source that I can reference.

BC
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us