Wolff and Taylor November 6, 2017 No Comments Share
Uncategorized06 Nov
With kids back in school, ???? it’s a good time for parents (and grandparents) to think about college funding. One option is a Section 529 plan. It offers the opportunity to build up a large college nest egg via tax-deferred compounding and can be particularly powerful if contributions begin when the child is quite young. Contributions aren’t deductible for federal purposes, but distributions used to pay qualified expenses are typically income-tax-free for both federal and state purposes, thus making the tax deferral a permanent savings. Contact us to learn more.
Previous Article
2023 – 02/07 – Answers to your questions about 2023 limits on individual taxes