529 Contributions as a Holiday Gift


For many of us, the holiday season brings the opportunity to share joy and presents with our families and friends. Gift giving, while fun and exciting, can also pose its challenges. Well-intended toys and games just add to the growing stockpile many children have, and there is always the difficulty of finding the “hot toy” of the season, if you don’t hit the stores early. This year, consider a contribution to a 529 college savings plan for a special child. Their parents, your tax bill, and, one day, the child, will thank you for it.

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Updated: Dec 1, 2021

About the author
Diane DeCesare of Armanino LLP is a member of XPX Philadelphia

You need a trusted advisor to work with your team to maximize cash flow through reduction to tax and understanding of financial terms of the deal.