Get Give Them The Gift Of Education - Florida Prepaid

That means you can contribute up to $85,000 to a 529 plan ($170,000 if married giving jointly) in a single year and not owe any gift taxes.

To transfer the benefits of a prepaid plan, the account owner or beneficiary must complete and mail this form to: Florida Prepaid College Plan, PO Box 6567, Tallahassee, FL 32314-6567. Or FAX to: 850-309-1766. Please allow up to four weeks for processing.

You may transfer your Florida 529 Savings Plan to another eligible student or close the plan and withdraw the remaining balance. Any earnings that are not used for Qualified Higher Education Expenses are subject to federal and, if applicable, state income taxes.

Contributions to a custodial 529 plan account or to a parent-owned 529 plan will minimize the impact on eligibility for need-based financial aid. Gift contributions can be sent by check to almost any 529 plan. Just make the check payable to the 529 plan and write the beneficiary's name and account number on the check.

If you have friends and family who want to contribute to your Florida Prepaid Plan, you can invite them to send a check and Gift Certificate Form to PO Box 31088, Tampa, FL 33631.

If you have friends and family who want to contribute to your Florida Prepaid Plan, you can invite them to send a check and Gift Certificate Form to PO Box 31088, Tampa, FL 33631.

Yes. If you have friends and family that want to contribute to your Florida 529 Savings Plan, you can set up a gifting event at myfloridaprepaid.com and invite them to join the cause. Or, invite them to send a check and a Contribution Coupon Form to PO Box 31088, Tampa, FL 33631.

If a student does not use all of the plan benefits for undergraduate education, the plan value can be applied toward graduate-level courses within the same 10-year period. You may also transfer the benefits to another qualified family member, or you may request a refund.