topic Re: 529 contribution limit in Get your taxes done using TurboTax

529 contribution limit

happysue19 — Thu, 14 Aug 2025 22:13:15 GMT

I set up a 529 account (Ohio) for my Grandson. I contributed $75,000 for 2025, but want to contribute a total of $150,000.

What is the next step? When I file my taxes for 2025 do I report this amount?

Can I contribute the full amount in 2025 or should I contribute the other $75,000 in 2026?

Re: 529 contribution limit

Mike9241 — Fri, 15 Aug 2025 06:39:55 GMT

the way you describe what you have done, there is no federal limit or deduction or credit. everything is at the state level except the need to file a federal gift tax return since the amount exceeds the annual exclusion

see this link

https://www.savingforcollege.com/article/maximum-529-plan-contribution-limits-by-state

ohio allows up to a $4,000 year deduction (against ohio taxable income) each year. any excess contribution is carried forward. nowhere do i see $75K or %150K mentioned

there is a section in Turbotax under education for ESA and 529 QTP but that's only if

Re: 529 contribution limit

happysue19 — Mon, 18 Aug 2025 11:36:27 GMT

My husband and I will split the contribution. Just wish I had an example of how to fill out the 709. It is sooo confusing as the form seems to apply more for a “taxable” gift.

thank you for your information