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Hi, is the maximum gift tax free annual contribution to 529 plans for 1 child by a husband and wife $30k in total (i.e. $15k per spouse)?
So I can contribute $15k to a 529 plan this year for our child, and my wife can also contribute $15k to the same or another 529 plan this year for the same child; without worrying about gift tax because of going above the combined $30k annual contribution limit?
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‎January 4, 2021
8:03 PM