Dividend income is a source of financial growth and stability for many investors. While the Internal Revenue Service (IRS) typically taxes dividend income, certain types of dividends...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/10/2023
A student loan is a necessary evil most students subject themselves to when faced with hard financial times. The offer is inevitable but avoiding mistakes can. Many students have made...
Posted by Pat Raskob on 07/09/2022
Considering moving to a new state? Congratulations. But have you compared the taxation between your old and new states? If it is on a higher level, you will probably have some questions....
Posted by Pat Raskob on 04/24/2022
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...
The withdrawal policies for the 529 plan have changed over the years. From once a relatively restrictive definition of "Qualified Higher Education Expense" or QHEE, it has...
A 529 plan and a custody account are personal financial tools that parents use to help their children. The 529 plan includes an investment vehicle designed to raise money for your...
Posted by John Pournaras Agency on 09/26/2019
At the birth of the child, this child becomes dependent on his taxes. It does not matter if the child were born on January 1st or December 31st at 11:59 pm As long as your child came...
Posted by Valderas Financial Solutions LLC on 08/28/2019
Socking money away into a high-interest kids savings account is a good place to start if you want to give your child a brighter future, and even better, when it’s tax-free. There...
College is a dream for many young people, but it can leave their parents lying awake at night trying to figure out how to pay for it. However, tax regulations have provided a 529 savings...