TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 15

Question

529 Contributions max gift

4 replies
760 views

Do gifts to a 529 plan fall under the 19,000 yearly Gift limit? For my niece.

Level 15

@VolvoGirl wrote:
Do gifts to a 529 plan fall under the 19,000 yearly Gift limit?

Yes, but you can "superfund it".

See https://www.irs.gov/instructions/i709#en_US_2025_publink16784xd0e1331

Level 15

If in 2025, you contributed more than $19,000 to a qualified tuition plan (QTP) on behalf of any one person, you may elect to treat up to $95,000 of the contribution for that person as if you had made it ratably over a 5-year period. The election allows you to apply the annual exclusion to a portion of the contribution in each of the 5 years, beginning in 2025. You can make this election for as many separate people as you made QTP contributions.

VolvoGirlAuthor

Level 15

Thanks. I don't think I will be contributing that much. Just made my first contribution. Oh, what is the gift limit for 2026?