1. Utah offers a 5% tax credit on contributions of up to $1,740 single/$3,480 joint per beneficiary (credit of $87 single/$174 joint).

Note: the link shows a list of all states which offer some kind of benefit.

Gift starts at $13K/yr per gift recipient. You can gift up to 5 years in advance for a $65K gift this year, then no gift for next five. This must be declared on your tax return, but no consequence, i.e. no tax due.

2. I leave this for another respondent.

1. Utah offers a 5% tax credit on contributions of up to $1,740 single/$3,480 joint per beneficiary (credit of $87 single/$174 joint).

Note: the link shows a list of all states which offer some kind of benefit.

Gift starts at $13K/yr per gift recipient. You can gift up to 4 years in advance for a $65K gift this year, then no gift for next four. This must be declared on your tax return, but no consequence, i.e. no tax due.

2. I leave this for another respondent.

1 - Utah offers a 5% tax credit on contributions of up to $1,740 single/$3,480 joint per beneficiary (credit of $87 single/$174 joint).

Note - link shows list of all states which offer some kind of benefit.

Gift starts at $13K/yr per gift recipient. You can gift up to 5 years in advance for a $65K gift this year, then no gift for next five. This must be declared on your tax return, but no consequence, i.e. no tax due.

2 - I leave this for another respondent.

1. Utah offers a 5% tax credit on contributions of up to $1,740 single/$3,480 joint per beneficiary (credit of $87 single/$174 joint).

Note: the link shows a list of all states which offer some kind of benefit.

Gift starts at $13K/yr per gift recipient. You can gift up to 5 years in advance for a $65K gift this year, then no gift for next five. This must be declared on your tax return, but no consequence, i.e. no tax due.

2. I leave this for another respondent.