Tag Archives: 529 College Funds

gift tax

Tips to Help You Figure Out if Your Gift is Taxable

tax on giftIf you’ve given money or property to someone as a gift, you may owe federal gift tax, but in many cases, you will not. For example, there is usually no tax if you make a gift to your spouse or a charity. If you make a gift to someone else, the gift tax usually does not apply until the value of the gifts you give that person exceeds the annual exclusion for the year. Continue reading

529 plan

Saving for Education: Understanding 529 Plans

saving for collegeMany parents are looking for ways to save for their child’s education, and a 529 Plan is an excellent way to do so. Even better is that thanks to the passage of tax reform legislation in 2017, 529 plans are now available to parents wishing to save for their child’s K-12 education, as well as college (two and four-year programs) or vocational school. Continue reading

Don’t Forget about College Tax Credits for 2017

bigstock--162940940With another school year in full swing, now is a good time for parents and students to see if they qualify for either of two college tax credits or other education-related tax benefits when they file their 2017 federal income tax returns next year. Continue reading

Tax-Free Savings for College

education savingsAccording to a recent study published by the Federal Reserve Bank of San Francisco, researchers found that over a lifetime, the average U.S. college graduate will earn at least $800,000 more than the average high school graduate–even after taking into consideration the cost of college tuition and the four years of lost wages it entails. Despite this, most people still feel that a college education is worth the investment.  Continue reading

Mythbusting 529 Plans: Get the Straight Facts on 529 College Savings Plans

529 College FundYou’re invited to attend an informational meeting about 529 College Savings Plans, Sponsored by Lahrmer & Company LLC and Gateway Financial LLC.

DATE: Thursday February 5, 2015
TIME: Registration begins at 5:30pm – Program begins at 6pm
LOCATION: Spennato’s Italian Ristorante, 10446 Northfield Rd. Northfield, OH 44067

GUEST SPEAKER: Courtney Walls, Vice President, 529 Specialist at Black Rock

Supper will be served.

Seating is limited, so please RSVP today!

RSVP: Todd Pouliot, AIF
Gateway Financial