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Another Tip for Tough Times: You may have a tax break on your 529 plan

Your 529 plan allows you to invest tax-free for college expenses. The flip side is that if your plan has lost money, you may be able to deduct the losses from your adjusted gross income. This is an obscure tax break with many caveats, so consult your CPA.

Read more about the strategy here.

Posted on November 14, 2008 in Children, Estate Planning |

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