Tax Strategies
What Qualifies as Section 529 Housing Expenses During COVID-19?
The global COVID-19 pandemic has presented us all with numerous new challenges, none more so than those facing students and parents. In many states, physical classrooms remain closed, leaving students, teachers and parents at the mercy of technology in ways no one could have expected. Even in states that have opened their classrooms, school buildings…
New FAFSA Rules Start the Clock Ticking to Get Your Plan in Order before the End of 2015
Have you started planning for college yet? It might seem early to have a college funding plan in place if your daughter or son is only 14 or 15. College is 3 years away, but the time to start detailed planning is actually now. The FAFSA (Free Application for Federal Student Aid) is the core…
Is a Scholarship Taxable?
It’s tax season, and time to organize and gather all your financial papers. If you’re a college student or a recent graduate that has received a scholarship over the past year, you may owe taxes on it. Typically, scholarships are known as “free money”, but there are certain circumstances that require students to claim the scholarship…