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No More College Tuition Tax Deduction - What is Left?

Unfortunately, Congress decided not to extend the $4,000 tuition and fees tax deduction for 2017, leaving many parents worried that college will now be more expensive. But it is not as bad as it sounds. That is because Congress left in place two popular e…
https://www.tld-inc.com/news/2017/09/no-more-college-tuition-tax-deduction-what-left

How to Ace the FAFSA

The Free Application for Federal Student Aid (FAFSA) is a tool that students use to apply for more than $120 billion in federal funds. Even if you do not think you or your child qualify for federal aid, filling out a FAFSA is important because it could be…
https://www.tld-inc.com/news/2017/12/how-ace-fafsa

Saving for College – The Time to Start is Now

Your child’s senior year of high school is not the time to start planning on how you are going to pay for college. The estimated cost to attend one of Iowa’s state universities this year is more than $20,000, including tuition, room and board, books and o…
https://www.tld-inc.com/news/2018/08/saving-college-time-start-now

5 Tax Breaks for New Parents

New parents have their work cut out for them. Not only are they dealing with lost sleep, they also face the extra cost of raising a child. At least there are a lot of potential tax breaks available to them. Check out this list and share it with any new pa…
https://www.tld-inc.com/news/2018/08/5-tax-breaks-new-parents

Student Loan Forgiveness Creates New Tax Trap

There is a new student loan repayment program that forgives some student loan debt if other payments are made. This new debt forgiveness is creating a tax surprise for the unsuspecting student. Here is what you need to know.
https://www.tld-inc.com/news/2018/09/student-loan-forgiveness-creates-new-tax-trap

Education: Tax Changes You Need to Know

As students gear up to head back to school, there are some changes to education deductions that could save or cost you more in taxes and even raise college tuition costs. Here is what you need to know to get up to speed.
https://www.tld-inc.com/news/2018/10/education-tax-changes-you-need-know

529 College Savings Plan Withdrawals

Withdrawals from 529 plans are not taxed at the federal level, as long as you understand and follow the rules. To the extent you withdraw an amount less than or equal to your payments for qualifying higher education expenses (QHEE) in the same calendar…
https://www.tld-inc.com/news/2018/12/529-college-savings-plan-withdrawals