Tax Strategies
Where Should I be Saving for College?
Whether you have dreams of sending your newborn child to Harvard, UC Berkeley or San Diego State, you have a lot of savings ahead of you if you plan to foot part of the bill. You need to come up with a savings plan EARLY – and stick with it for many, many years. Various…
Tax Advantaged College Strategies
Often times, college planning entails helping a family increase their opportunity to qualify for financial aid. But what can be done for families who will likely NOT qualify for financial aid, given their income level and/or countable assets? Parents who are small business owners have additional college funding tools available to them that other families…
College Related Tax Strategies to Consider Going Into 2012
As 2011 draws to a close, it’s time to make decisions about tax strategies going into the New Year. If you have students in college and have paid tuition in 2011 for 2012 classes, you can choose whether to take a deduction or tax credit on your 2011 or 2012 returns. Be aware, however, that…
4 Tax Saving Strategies for College Funding
It seems there are as many ways to save for college as there are colleges. It pays to do some research and understand ways you can not only save for your child’s education, but save on your tax bill at the same time. Depending on how much college costs, it’s possible to use tax strategies…