Visit www.savingforcollege.com for more information about your state s plan. You can contribute up to $12,000 tax-free per child annually or $60,000 spread over five years under the gift tax law. Overall, you can contribute (or the account can grow) to more than $200,000. Another way to get more bang for your buck is through Upromise (www.upromise.com). This company gets you free money for your 529 plan by shopping for everyday things from a long list of vendors (that you are probably using already). Get your family and friends involved. It won t cost them a cent.
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