This means that relatives, family, friends and even the designated .

In addition, each plan has a maximum contribution limit, which regulates how . For example, the rules for a Roth 401k are completely different than the. .

Although the contributions cannot be deducted from the federal income tax liability, there are other tax advantages that are offered by the 529 plan rules . .

6 posts - 4 authors - Last post: Nov 7, 2007Questions on 529 plans. Wife is pregnant with twins (kids #1 and #2). . I have read that maximum contribution is $320000 per beneficiary .

Check your state's tax rules before you make a decision. . Because there's no tax break for contributions to an in-state 529 plan, you can choose any plan . . Residents can contribute to any state's 529 plan and earn a maximum state .

Anyone can set up a Section 529 plan. In fact, the rules regarding who may . dollar limitation on the maximum contribution into Section 529 accounts for a .

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Since their creation in 1996, 529 plans have become to college savings what . . Contribution rules: You (or someone else) make contributions to the account, . And with an annual maximum contribution limit of $2000, a Coverdell ESA .

Nov 10, 2008 . That is the maximum shelter you can achieve in 2008 with the five-year . contributions to a 529 plan, the gift-tax rules can complicate .

1 answer - Feb 26, 2010Those are old numbers. It's $13000 per account for 2010. So that's $26000 per account for married parents (or grandparents). Anyway, the point of .

Maximum contributions are much lower than for section 529 college savings plans. Many prepaid tuition plans include a 10-year time limit from the date of .

A: The maximum contribution limit is $350000 for each beneficiary. . .. Contributions made to a 529 plan in excess of the annual gift-tax exclusion will . is an orphan, in foster care or a ward of the court (other rules may apply), .

While the contribution limit is almost unlimited for 529 plans, . In addition, the income limit for making a maximum contribution now stands at $190000 . Coverdell ESA Beneficiary Rules. The annual contribution limit for 2010 and .

The most common 529 plan rules are the ones that deal with the 529 .

All IRA and 529 plan contributions resulting from the card will be . those on eligibility and annual and maximum contribution limits. . applicable IRS contribution rules, or limitations or other applicable laws or regulations. .

To qualify as a 529 plan under federal rules, a state program must not accept . if contributions to other plans count against the state's maximum. .

Learn how 529 plans work, their pros and cons, how they affect financial aid . and there's a lifetime maximum contribution (the amount varies from state .

529 plans have generous maximum contribution limits -- some as high as $250000 per . Note: Each 529 plan has its own set of rules and restrictions, .

What are 529 College Savings Plan Contribution Rules? Contribution . There's no limit to yearly contributions beyond the maximum allowed in the account. .

This article reviews the rules and guidelines for claiming this deduction. .

However, each state-sponsored 529 plan is different; each has a mix of rules and restrictions, such as maximum contributions and investment options. .

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Parental assets are assessed at a maximum 5.64% rate in determining the student's . of which $10000 represents your original contribution and $10000 is earnings. . And we are only talking about the federal financial aid rules here .

Provides overview and rules to receive an Illinois tax deduction for .

Question: What is the maximum 529 Plan contribution limit per parent for 2010? Answer: Those are old numbers. It's $13000 per account for 2010. .

Mar 23, 2011 . To qualify as a 529 plan under federal rules, a state program must . if contributions to other plans count against the state's maximum. .

Learn more about the benefits of 529 plans and EdVest. How much can I contribute ? There is no annual maximum contribution for EdVest, although there may be .

What is the Maximum Contribution to a 529 Savings Plan? . New rules from the Social Security Administration make it harder to receive interest-free loans .

How to Select the Best College 529 Plans and Avoid Costly Mistakes! . of rules to be aware of, notably the minimum contribution amounts. . thing to understand here is what the maximum allowed contribution is into the state's plan. .

Jan 14, 2010 . Contributions to a 529 plan, however, are not deductible. . For a general discussion of gift tax rules, see IRS Publication 950, .

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529 plans generally have very low minimum start-up and contribution .

Unlike Education IRAs, contributions to 529 Plans are not sharply limited. The maximum contribution, which differ from state to state, can be as much as $235000. . the rules, prepaid plans are treated more severely than savings plans .

Coverdell ESAs have lower maximum contribution limits; currently $2000 can be . The rules for investments allowed in ESAs are the same as those for IRAs. . Money in both a Coverdell ESA and a 529 plan is not considered the child's .

How much can be contributed to a 529 plan? Each state sets its own contribution limit under federal regulations. For a prepaid tuition plan, the maximum .

Jun 19, 2006 . What is the maximum amount that you can put into a 529 plan? . remember which) and I am very close to the maximum contribution limit. .

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Rules for Claiming the Indiana 529 Income Tax Credit . The maximum total contribution eligible for a credit, across all accounts, is $5000. . In short, a $5000 contribution to an Indiana 529 plan essentially puts $1000 right back in .

Apr 21, 2008 . For details about each state's maximum contributions and tax rules, see Savingforcollege.com (especially the "Compare 529 Plans" tool). .

401k limits 2009/2010 - 401k rules determine your maximum total contribution for all 401k retirement plans combined. Contributions to 529 plans are .

Maximum contributions: Accepts contributions until all account balances in .

Learn the 529 plan rules and limitations today. . The 529 contribution limits are something that concerns everyone who would like to . a 529 plan or any other investment plan to ensure that you get the maximum benefit from the plan. .

Contribution Limit The maximum amount that may be contributed on behalf of . Some states' 529 plan rules allow taxpayers to receive a tax deduction for .

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Under special rules unique to 529 plans, you can make a lump-sum . College savings plans typically accept over $300000 in maximum lifetime contributions, .

To qualify as a 529 plan under federal rules, a state program must not accept . if contributions to other plans count against the state's maximum. .

Missouri 529 Rules. Missouri offers a 529 college savings plan for its . The maximum contribution amount a Missouri 529 plan can have is $235000 per .

For example, for 2008, the maximum contribution that may be made using this rule would be . Contributions to a 529 college savings plan are not deductible for federal . The applicable federal, state, and local tax rules are complex, .

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