Taxes

June 25, 2018

What differentiates the Coverdell Section 530 and the Section 529?

The Section 529 allows for much larger yearly investments, whereas the Section 530 currently only allows for $2000 annually. The choice of investments in the Section […]
June 25, 2018

What is a qualified tuition program?

The Section 529 is a college savings program available in most states. Money is invested to cover the costs of future education. These investments grow tax […]
June 25, 2018

How can I best use the Coverdell (section 530)?

It is possible to have various 530 accounts for the same student, each opened by different family members or friends. There is no limit to the […]
June 25, 2018

What is a Coverdell (Section 530)?

An education IRA is different than a standard IRA in these ways: Withdrawals aren’t taxed if used for qualified education expenses. Contributions can be made only […]