Gifting limits - family vs charity Hello,
I am trying to get this general info regarding limits on gifting to charity vs family via 529 or similar plans. I am unable to find these answers explicitly and dont really want to make inferences. So any help that directly answers these will be great.
1) Is the annual limit ($14,000 for FY2015) per beneficiary netted with any other gifting to charity etc ?
2) Is there an overall limit to gifting i.e. for all beneficiaries, charity etc included ?
As an example, I have 2 kids and I also give $2000 to charity. Can I give $28,000 to the 529 plan and the $2000 to charities ?
Thanks |