A Coverdell education savings account, also known as CESA, is a tax-deferred trust account. It is a creation of the Federal government to help American families fund educational expenses...
Before the Kiddie tax, parents could get tax savings by setting up an investment account using the kid's name. Parents could give various items like a stock to their kids in which...
A qualified tuition program, also known as section 529 plans, is an impressive way to prepare to take care of your college finances. What is a Qualified Tuition Program?A qualified...
With many tax benefits available for education, it is evident that the government is interested in making higher education open and more accessible for many people. It can be...
Parents and students who are actually completing the FAFSA, and learning about financial aid may criticize themselves for not having a better college payment plan. When it comes to...
Everyone that needs to pay for school fees using Coverdell ESA or 529 will likely get Form 1099-Q from the IRS. This reveals the entire withdrawal made in the year to cover your school...
There are several options for deducting interest on student loans and student loan payments from federal income tax returns, including deducting interest on student loans, 529 eligible...
529 state-run plans have always had tax benefits, but recent federal tax law changes have made them even more attractive to many families. Here's what you need to know to get the...
College is one of the largest expenses one will incur during their lifetime. With college tuition rising steadily each year, and enrollment seeing a huge increase in the last...