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Reply to "Tax Advantaged things grandparents can do for grandchildren"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]they can open a 529 for college savings (this is separate from your 529)[/quote] Totally this. You can use it to pay for school at any level now, I am pretty sure. [/quote] Check, but I think you can only use $10K max for K-12 education. "Payments made directly from a person to an educational institution that are used for tuition, not room and board, just tuition, those payments are not deemed a taxable gift. Sometimes these are called 2503(e) gifts." (from googling) So beyond the 529 $10K, your parents can pay directly for tuition for K-12 and it's not a gift [/quote]
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