Posts tagged education
Six Tax-Efficient Ways to Pay for Back to School Items
Aug 30th
Students going back to school can utilize a variety of tax-favored ways to pay for college tuition, books, supplies, and computers. Here’s six ideas for paying for school expenses that have varying degrees of tax efficiency:
1. Take cash out of a 529 College Savings Plan. Distributions from a 529 plan are tax-free as long as the funds are used to pay for tuition, room and board, books, supplies, and computer equipment and software.
To read the rest of this article by William Perez, please go to http://bit.ly/aSiUuj.
Back to School for Boss? Tax Breaks Can Help
Aug 5th
If you’re a small-business owner seeking more training for yourself or for your staff, now is the time to enroll for the fall term. Fortunately, Uncle Sam helps defray the costs of education by providing important tax breaks.
Owners’ Education
Successful business owners often pursue higher education or take courses in sales, software or other specialized learning programs. What’s the best way to write-off the cost of education that the owner pays for personally? It depends on several factors, including the type of education, the entity used by the business (such as a sole proprietorship or C corporation) and the owner’s personal tax picture. Here’s a short list.
To read the rest of Barbara Weltman’s article, please go to http://bit.ly/a1t5r9.
RSS Feed
