Why you should start a 529 Plan for your 2 year-old child

Start the 15-year clock! Open a 529 plan for each child today. It doesn’t take thousands of dollars or in some cases even hundreds of dollars-maybe as little as $100 to open this savings account. By opening it now the parent can start the 15-year savings clock so that all earnings in the account are…

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Special Tax Deductions for Special Education via the WSJ

Wall St Journal

This Wall Street Journal Article contains a good overview of the tax breaks available for special education costs. “More than six million children in the U.S. fall into the “special needs” category, and their ranks are expanding. The number of those affected by one developmental disability alone—autism—grew more than 70% between 2005 and 2010. The…

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Even Rodney may need an advanced degree to understand this.

tax credits for education

Not only are there several different types of tax credits and deductions for education, but   they can vary according to status within college (Freshman,Senior, etc.) and your level of income. This article from the Wall Street Journal gives a basic overview of what’s available.     As always, contact us before acting on this or any tax credit. …

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