Texas College Savings Plan as a Gift
Anyone in your child's life can open or contribute to a Texas College Savings Plan. It's a great way to celebrate a birth, or any other special occasion throughout a child's life. Grandparents, aunts and uncles, as well as friends will know they are giving a gift that will be appreciated for years to come.
Opening a Plan as a Gift
Qualified participants can open the Texas College Savings Plan with as little as $25, and benefit immediately from potential estate tax and gift tax advantages.
Making a Contribution as a Gift
Contributing to a child's 529 plan creates opportunities that pay off long after you make the gift.
You can contribute up to $15,000 ($30,000 for married couples) annually per beneficiary, or up to $75,000 ($150,000 for married couples) over a five-year period without triggering the Federal gift tax.1 Completed gifts are excluded from the participant's estate, reducing potential estate tax obligations.