by Danny Cieniewicz | Jul 27, 2023 | College, Taxes
You may have heard of qualified education expenses. They’re types of expenses the IRS allows for special tax treatment. It’s similar to qualified withdrawals from a retirement account. If a withdrawal is “qualified,” you won’t have to pay...
by Danny Cieniewicz | Jul 26, 2023 | 529 Plans, Saving for College, Taxes
When choosing the best option to invest for college, many folks have questions which is the way to go. I’ve seen many people asking, should I use a 529 plan or a high-yield savings account? Unfortunately, I think the question itself stems from a...
by Danny Cieniewicz | Jul 3, 2023 | Student Loans, Taxes
For many student loan borrowers, monthly payments can be overbearing. For others, the payment is a bit more manageable. What all borrowers should know is that there is potential the interest on student loans can be deducted from income and lower taxable liability....
by Danny Cieniewicz | Jun 1, 2023 | Financial Aid, Taxes
Children grow up so quickly. In my own experience, some grow up quicker than others. But in the eyes of the IRS, children and adults have tax filing requirements regardless of maturity. With college-bound children, it’s important to know the differences in how...
by Danny Cieniewicz | May 24, 2023 | Paying for College, Taxes
Saving on your taxes over time can greatly increase your net worth. Paying for college incorrectly can set you back. By arming yourself with the knowledge needed to understand taxes related to higher education, you can save on taxes while paying for college. Here are...
by Danny Cieniewicz | May 23, 2023 | Financial Aid, Taxes
Paying for college for one or multiple children can be very costly. Making mistakes while doing so, or not properly understanding the process can make it worse. School choice, saving for college, financial aid, and loans are most commonly thought of as the ways to pay...
