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Gifting


Any U.S. citizen or permanent resident alien 18 years of age or older with a valid social security number can open a Texas College Savings Plan account. Once an account is opened, anyone in your child’s life can contribute to the account. It’s a great way to celebrate a birth or other special occasion throughout a child’s life. Grandparents, aunts, uncles and friends will know they’re giving a gift that will be appreciated for years to come.

Give the gift of Education!

Gift of Education

Gift Coupon

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.

An Easy Way to Give

It’s easy to give the gift of a contribution to a Texas College Savings Plan account. Simply follow the instructions on the gift coupon. (You will need to know your loved one’s account number to fill out the gift coupon.) After the contribution is credited, the account owner2 will receive notification of your gift.

1If the contributor utilizes the special five-year lump sum exclusion and the account owner dies within five years of the funding date, the portion of the contribution allocable to the years remaining in the five-year period (beginning with the year after the account owner’s death) would be included in the account owner’s estate for federal estate tax purposes. We recommend that you consult your tax advisor for more information on this option.

2Non-account owners have no control over contributions. Only account owners may direct transfers, rollovers, withdrawals, investment changes and changes in the designated beneficiary. Changes in beneficiary are limited to qualified family members of the current beneficiary to avoid federal tax consequences.