The Ultimate Grandparent Hack Gifting and Tax Savings with 529 Plans!

811 viewsPublished: March 11, 20240m 36sScore: 75
Pricing & Profitability
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Tax Strategy
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Summary

The video discusses the benefits of using 529 plans, particularly when grandparents own the accounts. Grandparent assets are not considered in financial aid applications. Some states, like Minnesota, offer tax deductions for contributions to 529 plans, with Minnesota allowing up to $3,000 per household per year.

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