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Reply to "More 529 questions"
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[quote=Anonymous]The gift tax limit is per individual so if there are grandparents each grandparent can contribute $14,000 into the 529: Example 4 grandparents, $56K per yr into the 529 in addition to the parents' contribution. Also, the gift tax limit does not apply to things like school tuition as long as the individual pays the school directly.[/quote]
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