Tuition Credits

Tax-saving ways to help pay for college — once your child starts attending

529 Saving Plan, American Opportunity Tax Credit (AOTC), IRA, Lifetime Learaning Credit (LLC), Modified Adjusted Gross Income (MAGI), Prepaid Tuition Plans, Roth IRA, Scholarships, Tax Requirements for Scholarships / Douglas Freeman

If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also a number of tax breaks that you may be able to claim once your child begins attending college or post-secondary […]

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Investing in the future with a 529 education plan

529 Saving Plan, Prepaid Tuition Plans, Qualified Tuition Program / Douglas Freeman

If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans. These plans, named for the Internal Revenue Code section that provides for them, allow prepayment of higher education costs on a tax-favored basis. There are two types of

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