Posts Tagged ‘new tax bill’
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…
Read MoreNeed-to-know education changes in tax bill
The new tax bill will affect numerous areas of education funding and college planning. After numerous versions and last-minute changes, here is a summary of what did (and didn’t) happen: College tuition benefits – Originally targeted to be taxed, tuition benefits for grad students or children and spouses of employees remain tax-exempt. 529 plans –…
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