Anonymous
Not applicable

Since federal gift tax limited increased to $16K in 2022, can I add to a 529 plan that was superfunded in 2021

Hi. I had the good fortune of being able to superfund my kid's 529 last year. That is I contributed the $15K limit in 2021 x 5 years for a $75K contribution.  This avoids any gift/estate tax impact of the amount.

 

In 2022, the limit for a gift was raised to $16K.  

 

Can I now contribute an extra $1K per year to the 529 without any gift/estate tax impacts?  I would like to contribute another $1K x 4 years to the account if it doesn't have any other impact due to gift/estate tax items.

 

I have done multiple searches and can't find any articles or postings that talk about this situation.

Thanks