Every state manages at least one
529 plan, and each plan has
different rules. You can invest in
a plan from any state.
Considerations include a plan’s
investment menu, contribution
limits and other rules.
offer a tax deduction to residents who
invest in their plans. A side-by-side
comparison of 529 plans is available
Understand gifting rules
for annual contributions2
Contributions to a child’s or
grandchild’s 529 plan are treated
as gifts under federal gifting rules.
Individuals can give up to $14,000
in 2014 ($28,000 per couple)
without filing a gift-tax return.
It’s best to open a 529 when
a child is younger and make
annual contributions instead
of waiting until the child
nears college age and then
contributing a larger sum.
Under special provisions for 529s,
an individual can make a one-time
$70,000 contribution to a 529 plan
($140,000 for married couples) and
prorate it over five years without gift-
529s are also flexibile.
If your original beneficiary doesn’t
use all the savings, you can transfer
the savings to another member of
your family and keep the tax-free
growth and withdrawal benefits.
You can also save them
for future generations or
use the money on your own
higher education expenses.
To learn more about A 529, visit Regions.com/MyGreenGuide
This information is general in nature and is provided for educational purposes only.
Regions makes no representations as to the accuracy, completeness, timeliness, suitability,
or validity of any information presented. Information provided should not be relied on or
interpreted as accounting, financial planning, investment, legal, or tax advice. Regions
encourages you to consult a professional for advice applicable to your specific situation.