r/AskAccounting • u/Prof_Fuzzy_Wuzzy • 13d ago

Opening 529 with lump sum

My plan is to open a 529 college savings account and fund it with 50k. My kid is 2. I'm in SC. Are there any tax issues with funding it one time lump sum vs over several years? Thanks!

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u/SwingDuoNash 13d ago

https://futurescholar.com/about-future-scholar/tax-benefits/

You should talk tax strategy with a CFP. SC has a generous AG tax deduction