However, due to special 529 rules, you can accelerate five years of contributions into a single calendar year so long as you file the appropriate forms with the IRS. That would mean an individual ...

Since their creation in 1996, 529 college savings plans have become a popular vehicle to help parents save money to help pay for their children’s ever-increasing higher education costs.

The Setting Every Community Up for Retirement Enhancement Act of 2019 [P.L. 116-94], also known as the SECURE Act, changed the definition of qualified distributions from a 529 plan to allow 529 ...

meaning pay out of pocket, and preserve the ability to still do the annual exclusion gifts," Berg says. "That same exemption can be used to fund a 529 plan, but if you fund a 529 plan, it uses up ...