Tag: college savings


Stretch your college student’s spending money with the dependent tax credit

If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re not eligible for the child tax credit. But there’s … Read More »

March 19th

Tax Planning, Uncategorized. Comments Off on Stretch your college student’s spending money with the dependent tax credit


Prepaid tuition vs. college savings: Which type of 529 plan is better?

Section 529 plans provide a tax-advantaged way to help pay for college expenses. Here are just a few of the benefits:

Although contributions aren’t deductible for federal purposes, plan assets can grow tax-deferred.
Some states offer tax incentives for contributing in the … Read More »

September 21st

Tax Department, Tax Planning. Comments Off on Prepaid tuition vs. college savings: Which type of 529 plan is better?

HOBERMAN & LESSER, LLP