Opening a Plan as a Gift
Qualified participants can open a Texas College Savings Plan account with as little as $25 and benefit immediately from potential estate tax and gift tax advantages.
Making a Contribution as a Gift
Contributing a gift to a loved one’s existing Texas College Savings Plan account helps them in saving for their college goal and will matter long after the gift is given2.
Gift Tax and Estate Tax Benefits
529 Plans are partially exempt from the federal gift tax. For 2018, you can contribute up to $15,000 annually ($30,000 for married couples) per beneficiary, or up to $75,000 over a five-year period ($150,000 for married couples) per beneficiary, without triggering the gift tax.
Completed gifts are excluded from the participant’s estate, thereby reducing potential estate tax obligations1.