A+ College Savings Planning: Maximizing Resources and Tax Benefits

Sep 26
8:00 - 11:30 a.m.

Pennsylvania Institute of CPAs
Philadelphia - Map

4-Tax
CPE Credits

Deliver value to your clients: Understand the many college savings and funding vehicles available and the tax-minimizing strategies to make the most out of them. Understand how to properly apply the tax rules for education savings and related distributions and expenses.
Highlights

Assessing cost, income, and timing factors and setting appropriate savings goals
Investing, saving, or borrowing?
Federal financial aid eligibility and the effect of savings
Estimating expected family contributions and advising on the FAFSA
Multigenerational college funding strategies and associated tax advantages
Coverdell ESA overview
Section 529 Plans: types, tax benefits, ownership issues, and impact on financial aid
Education savings bonds
IRA distributions
Taxation of scholarships, fellowships, and grants
Using education credits, the tuition and fees deduction, and the above-the-line student loan interest deduction within the income phase-out limitations