Do You Know The Rules For Keeping 529 Plan Withdrawals Tax-Free?
After years of putting money in your 529 college saving plan, you’re ready to start taking withdrawals to pay tuition bills. Do you know the rules for keeping the withdrawals […]
Don’t Overlook Tax Breaks For Children
Does your tax return properly reflect your current family circumstances? If you are raising children, your answer can determine how much federal income tax you owe. Here are two reasons. […]
Class Is In Session: What Kids Can Learn From Investing
Kids realize early in life that money has value and can get them things they want. But that doesn’t always mean a child will eventually understand the true value of […]
Use ESA Funds For Elementary and Secondary School Costs
As the kids head back to school, it’s a good time to think about Coverdell Education Savings Accounts (ESAs). One major advantage of ESAs over another popular education saving tool, […]
Gifting: It’s No Hobby
Giving away a substantial sum or valuable asset to a beloved heir may be fulfilling, even fun. But it shouldn’t be just a hobby; it’s serious business. Everyone who’s built […]
Kids Going to Day Camp? You May Be Eligible For a Tax Credit
Day camp is a qualified expense under the child or dependent care credit, which is worth 20% of qualifying expenses (more if your adjusted gross income is less than $43,000), […]