Education tax benefits in Arizona have changed

Getting educated solely from the School of Hard Knocks or the University of Life is something Uncle Sam would like to help us avoid.  To that end we have 529 plans and other education tax benefits. What are they? Simply put, a 529 plan is an investment account that offers tax benefits when used to …

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New 529 Account Rules Passed with Extender Provisions

Many are aware of the last minute tax “extender” provisions passed in December, 2015. But you may not be aware of the numerous other tax provisions passed in conjunction with this legislation. One of them being relative to section 529 plans. The end of year legislation known as the Consolidated Appropriations Act (H.R. 2029), made …

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Bill Passed to Enhance College Tuition Plans

Sending a child off to college can be a tough situation, emotionally and mentally, for many different reasons. Creating a 529 plan to save money and pay for your child’s college tuition is very important, but what about all the other costs? There are hidden expenditures that arise when each kid goes to college which …

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We’re from the Government and We’re Here to Help Finance Your Education

President Obama’s recent proposal to offer two free years of community college tuition has garnered a lot of attention. But like my favorite finance guru Dave Ramsey likes to say, “When the government says ‘free’, pull out your wallet.” Along with the idea of ‘free’ college tuition, the President’s proposal includes some tax hikes. One …

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