If you’re going to be paying for your son or daughter’s college education, prepare for a shock. The price of a degree these days is sky high and the sooner you start saving, the better. What’s the best way to prepare for the day you have to write that first big check? You’ll find out when you read my new article titled Tax Tips: Child’s College: Use a 529 Plan or Tap … [Read more...]
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How to deduct the cost of special needs education
If your child is attending a special needs school, you’re facing some serious financial challenges. But Uncle Sam can offer you some help. You see, tax law lets you deduct tuition, medical expenses, and more. The only catch? You need to know which expenses qualify and the right way to deduct them. We’ll provide all the necessary information when you read my new … [Read more...]
Five ways to help your adult child buy a home
Homeownership is part of the American dream. Which is why you may want to help your adult child make that important purchase. But before you pick up your checkbook, consider the tax consequences of helping out. You see, homeownership comes with some giant tax savings if you know how to play the game the right way. We’ll show you how when you read my new article titled … [Read more...]
Save on your children’s education fees!
Sure, college and other educational expenses are insanely high. But there is something you can do about it! Create a tax-favored Section 127 educational assistance plan for your business. You see, an educational assistance plan can create extremely valuable tax deductions. How can you take advantage of this often overlooked money-maker? Easy. Read my new article titled … [Read more...]
Unlock the power of a Section 105 plan!
Sure. Health insurance premiums are sky high. But if you have a properly planned and executed Section 105 plan, you don’t have to worry. You see, this plan works like magic, turning your medical expenses into tax-favored business deductions that save on both income and self-employment taxes. You’ll get all the details when you read my new article titled Tax Tips: Make … [Read more...]