Highlights of College Savings Plans (Sec 529 Plans)
The Qualified State Tuition Plan, often referred to as the Sec 529 Plan, is a tax-beneficial incentive for parents, grandparents, and others to save m…
Education Planning
Twists and Turns of the Education Tax Credits
If you have a child or children in college, or perhaps you or your spouse is a student, it can be confusing to figure out which of two potential educa…
Planning for a Child’s College Expenses Should Start Early
Some in Congress have proposed “free” (i.e., government-paid) tuition for community college attendance. Even if that proposal were to beco…
Tax Benefits When Saving for College Education
A common question among parents is, “How might I save for a child’s post-secondary education in a tax beneficial way?” The answer de…
Education Credits are for Children? Think Again!
If you think that education credits are just for sending your children to college, think again—the credits are available to you, your spouse (if…
Video Tip: A Quick Look into Higher Education Tax Credits
The cost for higher education is expensive, but it can be offset with federal tax credits. In this video, we will discuss the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC).
Address
19 120th Street
Ocean City, Maryland 21842
(410) 524-2720
FAX: (410) 524-5925
Quick Links
Track Your Refund
Check your State Refund
Newsletter
Join our Weekly Newsletter! We promise we won’t spam.
©2022 CG Accounting Group, LLC. All rights reserved.