Posts Tagged ‘529 plan’

New Tax Code Could Impact College Decisions

College Inside Track President Chris Wills was featured on KSTP TV discussing how the new tax code may affect college planning. Among the changes: Minnesota residents can now qualify for a tax deduction or tax credit, depending on their income level, for making contributions to a 529 college savings plan. Families can now withdraw up…

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New FAFSA rules help grandparents contribute

With future FAFSA forms now using tax returns from two years prior (known as “prior prior” in the college world), that adds another year that family members can help pay for college without it negatively affecting financial aid eligibility. First, some quick background: The three main factors used to calculate financial aid eligibility are Non-retirement…

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