529 contribution limit

[happysue19]

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?

[Mike9241]

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 

[happysue19]

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