529 Plans

A 529 plan is a tax-advantaged investment account offered in the United States as a means to save for higher education expenses for a beneficiary. Many states offer their own version of a 529 plan. 529 plans are no longer just a tax effective means to save for college. Among many chan

Changes to FAFSA for 2017-2018 School Year

There have been recent changes to the FAFSA (Free Application for Federal Student Aid) starting with the 2017-2018 school year. One of the changes put into place is the reporting of parents and/or student income a year earlier. For example, for the 2017-2018 school year, the FAFSA for

Higher Education Tax Credits

If you or one of your dependents are enrolled in a qualified college, university or vocational school you may be eligible to receive a Federal tax credit. Qualified programs are indicated by their eligibility for Federal financial aid. For the 2016 tax year, two tax credits are availa

Taking 529 College Savings Plan Withdrawals

To make the most of your Section 529 college savings plan, consider the following. Qualified expenses. Withdrawals from a 529 college savings plan are tax free, provided the withdrawals are not more than the account beneficiary’s qualified higher education expenses for the year. Quali