First, the similarities: 529 custody plans and accounts, such as the UGMA (Uniform Gifts to Minors Act) or UTMA (Uniform Transfers to Minors Act), offer parents other ways to help...
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...
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...
An education savings bond program allows eligible taxpayers to exempt all or part of the interest earned on eligible savings bonds' redemption from gross annual income. Securities...
If you need a good plan to save money on your kid's education, a 529 plan is a good option. Since the tuition fee seems to be rising every year, it is essential to make alternative...
Posted by Unifirst Financial & Tax Consultants on 01/30/2020
The 529 plan can be found to be at it best in some state while it also can still be seen to be at a very ugly condition in some state. Morningstar is responsible for evaluating the...
Posted by The TaxAdvocate Group, LLC on 07/01/2019