1. Free Online Tools for Filing Your Taxes

    Family Filing TaxesFree Online Tools for Filing Your Taxes

    Taxes are inevitable and often unpredictable. For families living on a tight budget, paying a certified public accountant (CPA) to calculate, prepare and file taxes each year may not be feasible financially. Instead, consider using the many free resources provided by tax preparation companies and the IRS. From tax planning calculators that you can use year-round to user-friendly software that makes filing a cinch, there are plenty of online resources that can help ease your tax season.

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    Categories: Saving Money
     
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  2. Can I Deduct Contributions to a 529 Account?

    College Students Waiting in Admission's OfficeA 529 plan, which is also known as a qualified tuition plan, is an effective investment tool you can use to save money for your children’s college expenses. While the Internal Revenue Service does not permit account owners to take a 529 plan tax deduction on their federal income taxes, it may be possible to claim a state tax deduction for contributions you make to the plan. However, the rules for taking this deduction vary by state.

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    Categories: College Planning