Sending your child or grandchild off to college comes with a hefty price tag. Here's a quick overview of what expenses may qualify for a reduction in your taxes plus 3 tax-focused savings strategies.
You have bills to pay and a retirement to save for. Even if the thought of saving for your child’s education has crossed your mind, how can you make it happen amidst the never-ending financial pressures in life? It’s tempting to put saving for college on the back burner, but as anyone with kids knows, the days are long but the years are short. Regardless of whether your child is a toddler or a teenager, you’ll be planning college visits and filling out applications before you know it.
The end of the year represents the perfect opportunity to reflect on the last twelve months and to review your overall personal financial situation. 2019 may have been a great year, or perhaps you didn’t accomplish as much as you would have liked. In either case, 2020 can be a fresh start, allowing you an opportunity to become more intentional about accomplishing your goals.