To use a 529 plan for summer classes or programs, documentation is crucial. You don't actually have to submit proof, but if the IRS audits you, then you'll have to justify the expense.
What’s the ISave 529 plan’s favorite motivational quote? “The best way to predict your future is to invest in it!” OK, OK, I ...
A 529 plan is designed to help you save toward your child's future education expenses. By opening a 529 savings account, you may be able to reduce future out-of-pocket costs and get a tax break on ...
Qualified 529 expenses are more broadly defined than many may assume. In addition to tuition, funds can be used for housing, meal plans, books, supplies, laptops and even internet service provided ...
Raising a child is no small task. Though it’s no surprise that parenting requires a substantial investment of time and energy, the financial cost of raising a child might raise more than a few ...
Withdrawals are tax-free if the money is spent on qualified education expenses. Taxpayers may be able to get a state tax deduction or tax credit for their contributions to a 529 plan, depending on ...
College acceptances and scholarship applications are behind you, but as a parent or student you may find yourself asking, ...
The asset management firm found that financial aid has not kept pace with the rising cost of college tuition, with families ...