U.S. Sen. Ted Cruz, R-Texas, has introduced the Student Empowerment Act to expand a tax-deferred education savings plan previously expanded under the first Trump administration.
While you can’t avoid paying taxes altogether, there are several strategies that can help you lower your taxable income, maximize deductions, and take advantage of tax-deferred growth.
One common concern is oversaving. You can use 529 funds to cover only qualified education expenses without incurring a tax penalty, but it can be hard to pinpoint how much money you actually need. To ...
Legislation to update the MiABLE Disability Savings Program to allow more flexibility in spending successfully passed the governor’s desk Thursday. An ABLE account ...
There's over $500 billion invested in 529 college saving plans across 17 million accounts. Find out more key 529 statistics here.
The best ways to use your tax refund include building an emergency fund, paying off high-interest debt, and saving for ...
Here are five foundational tax savings strategies that could help you save $20,000 on your taxes going forward.
The College Investor on MSN9d
Can A 529 Plan Be Used For Dual Enrollment?
Dual enrollment allows you to earn college credit while you’re still in high school. Doing so can help you save money on the ...
However, school choices are limited, and you can only use the funds to cover your child’s tuition and fees. Prepaid tuition ...
You can also simply use a Roth IRA to pay for college without taking the step of converting the money to a 529 plan. As long ...
Can You Use a 529 Plan for Summer Classes? This question is about 529 plan qualifying expenses. Yes, 529 plans can be used ...
Savings bonds are some of the safest investments around, because they are backed by full faith and credit of the U.S.