Prepaid college tuition plans are no longer the surefire solution to runaway tuition costs. However, they may be a way to save for college by locking in at least a portion of future tuition at today’s prices.
Posts Tagged: Tax Planning
By creating a Charitable Remainder Trust (CRT) and selling assets low basis assets through it, a donor can reap dramatically increased income, get a nice income tax deduction, and benefit a favorite charity. Not a bad way to recover from an IRS-induced April 15 headache.
There is a lot of financial aid out there for college students. But it may come with tax implications.
Some words of wisdom for people who have assets in, or reside in, multiple jurisdictions.
The federal estate tax is probably with us for the long term, but Congress is keeping us in the dark as to what the rules are going to be. Proper planning is absolutely critical in this time of uncertainty.