This year, my alma mater, Cornell University, admitted a 12-year-old to the Class of 2020. Most 12-year-olds are starting middle school this year, not college. Upon hearing this news, I wondered, “How have his parents saved for college?” and decided it appropriate to write about 529 College Savings Plans. How do 529 plans work? College […]
Tax Deductible Charitable Donations
This article was originally published on May 12, 2015. With 2014 tax filings recently wrapped up for individuals, I have a few general recommendations if you are planning on making charitable donations in 2015. Before taking any specific actions, you should consult with a tax professional as there are limitations that can apply to deductions […]