10 ways to pay college tuition in 2010
College financing can be daunting in today’s tough economy. But follow these 10 tips to determine the best options for you and your child to finance college tuition.Shop around for a 529 plan.Because your choice of a particular state’s 529 college savings plan does not impact your child’s choice of college, feel free to shop around among the 80 or so programs available. When comparing 529 plans, consider the investment manager(s), the suitability of the plan’s investment options to your goals, fees and expenses, plan flexibility and user-friendliness. Some programs allow you to enroll directly, while others may require that you go through a financial adviser.
An incentive, such as a state income tax deduction for your contributions, might be enough reason to stick with your home-state 529 plan. [Read the full article]
No matter what stage of life you’re in, there’s always something going on with your taxes that you need to know about. And you can learn more about taking care of your taxes no matter what’s going on in your life.
1. Starting a new careerA new career means a time of new opportunities. The day you start it might be one of the proudest of your life. Whether it’s a part-time job while you’re in high school, or the dream job you accept after earning your advanced degree, the nitty-gritty is the same: Your employer will give you a paycheck, and Uncle Sam will take some of that paycheck as income tax withholding. How much? That depends on how you complete your W-4 withholding form.
And how should you complete your withholding form? If you’re a student, you may be able to claim an exempt status because your income is so low you won’t have a tax liability. If you have a spouse, children, and a mortgage, you can claim additional exemptions and reduce your withholding.