Imagine a student with a full tuition scholarship and enough grants and private scholarships to cover 100% of room and board expenses. You might think that a 529 can’t help this student or their parents. You’d be wrong. Take a taxpayer who is a resident of New Mexico. Their federal AGI is between $96,000 and… Continue reading Can a 529 Help Someone With a Full-Tuition Scholarship?
529s aren’t only for families with young children that have years of compounding ahead of them. A last-minute 529 contribution can save families thousands of dollars, even if they haven’t been able to save anything for college by the time their freshman heads off to college. The Key to Last-Minute Savings: State Tax Benefits The… Continue reading Last-minute 529 Contributions Can Save Thousands of Dollars