529 contribution limit

Forum|Forum|9 months ago
August 14, 2025
1 reply
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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?

Not A Product Question

Mike9241

Level 15

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

happysue19Author

Level 2

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