Gifting for Education Savings
In the context of education planning, gifting is usually implemented as a strategy when parents want to shift income to their child and reduce taxes.
In the context of education planning, gifting is usually implemented as a strategy when parents want to shift income to their child and reduce taxes.
As a general rule, a tax credit is a dollar-for-dollar reduction against taxes owed, and it is therefore more valuable than a tax deduction of the same dollar amount.
Federal student loans are loans established by the federal government and provided to students for college and graduate school.
For parents and students trying to manage college bills and student loan payments, the federal government offers education-related tax benefits. The requirements for each are different, so here's what you need to know.
When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it's time for you to make sure that your child has enough financial knowledge to manage money at college.
We specialize in providing wealth advisory and investment services and tax advice for clients seeking financial freedom and security. We focus on your life goals to help create a comprehensive plan for your future.
