Some children want to grow up to be architects. Others want to be firefighters. Welders, professors, photographers—there is a place in this world for every profession, for every trade. Every child deserves the opportunity to explore their career options and receive the best possible education, no matter where their career choices may take them. But having a dream and a love for learning is only half the battle. It is also necessary to have the appropriate funds to pay for a quality education.
Money is often a barrier to education, but it doesn’t have to be. Taxation Solutions, Inc. can assist you in helping your children achieve their dreams. We can do this with a qualified tuition program, otherwise known as a 529 plan. These plans are an ideal savings solution for many families, as they allow individuals to save for a child’s education while maintaining control of the funds. These funds are tax-deferred—and tax-free—as long as the money is applied to qualified higher education expenses.
The team at Taxation Solutions, Inc. has all of the knowledge needed to set up a 529 plan. We will work with you every step of the way to help you:
- Decide the best type of plan for your children
- Implement smart savings strategies
- Understand the rules for contributions and withdrawals
- Understand the various tax benefits of a 529 plan
Higher education doesn’t have to bury your children under mountains of debt. You can help them explore every opportunity presented to them, whether they choose to attend a trade school, community college, or a four-year university. Taxation Solutions, Inc. has more than 40 years of experience with using our knowledge of taxes and finance to help families invest in the future. We will be happy to help you make your child’s dream a reality.