Glossary

1 5 A B C D E F G H I L M N P Q R S T U W Y
1 5 A B C D E F G H I L M N P Q R S T U W Y

G

  • Gift Tax

    Gift tax is a tax charged to the giver of a gift to another person. There is an annual gift tax exclusion of $19,000 per recipient or $38,000 for married couples for 2025.

  • Gift-Tax Front-loading

    529 plans provide 5-year gift-tax front-loading, where a gift that is greater than the annual gift tax exclusion is treated as being given proportionately over a 5-year period. This allows contributors to give up to $90,000 for 2025 per beneficiary as a lump sum contribution to the beneficiary’s 529 plans. It’s excluded from gift tax as long as the giver does not die before the end of the 5th year.  

  • Grants

    A grant is a form of aid that is often based on the student’s financial need.

  • Growth

    Growth refers to the appreciation of an asset in value.

  • Growth Fund

    A growth fund is a collection of stocks that have the potential for growth in revenue or earnings. Growth stocks often have above-average prices compared with earnings because of the expectation that the earnings will increase.

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