Our weekly roundup of tax-related investment strategies and news your clients may be thinking about. How to give $70,000 for college without triggering the gift tax

Clients can give up to $14,000 away per year to any number of people without triggering the gift tax. Contributing to a 529 plan, however, allows a client to give 5 times that amount, or $70,000, without the tax bite, according to Kiplinger. The contribution cannot exceed that mount within the next five years. A spouse also can make the same contribution, doubling the gift to $140,000. -- Kiplinger

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