_____ 8. Payment to a college for a grandchild's tuition is not a taxable gift.

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Under current tax laws in the United States, payments made directly to a college for tuition expenses of a grandchild (or any other person) are not considered taxable gifts and do not count towards the annual gift tax exclusion limit. However, if the payment is made to the grandchild or to their parents instead of directly to the college, it may be subject to gift taxes. It is important to consult with a tax professional for guidance on specific situations.

_____ 8 Payment to a College for a Grandchild's Tuition Is