If you contribute $15,000 a year or less, you’ll qualify for the annual federal gift tax exclusion. However, under special rules unique to 529 plans, you can avoid the federal gift tax if you gift a lump sum of up to $75,000 ($150,000 for joint gifts) and choose to spread the gift evenly over five years. Married couples may contribute as much as $30,000 per year or $150,000 as a lump sum.
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