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Articles with the keyword "Section 529"

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The Economy Is Down—Bring Your Tax Bill Down With It

These stressful economic times might offer a few short-, mid- and long-term tax planning strategies that will help alleviate your tax bill. Losses are never a good thing. However, when it comes to your business, you might be able to…

Are IRA or Section 529 Plan Losses Deductible?

If your IRA or Section 529 plan has decreased in value you may be wondering if you can deduct your losses. In most cases there is no deduction for losses within an IRA or Section 529 plan. However, it may…

Your Child is Going to College—Are You Ready?

While attending grammar and high school, your children are continually preparing for the challenges of postsecondary education. Although the transition from high school to college can be difficult, your children are generally well-equipped and ready to tackle the challenges that…

College Costs Are Rising Faster than Gas Prices: Is There Help?

As the price of higher education continues to rise, many parents are looking for tax benefits to help reduce the cost. Some options available for you or your college-age children include:Deduction for Qualified Tuition and Related ExpensesUsing U.S. Savings Bond…

Section 529 Qualified Tuition Programs: A Savings Opportunity for High-Income Taxpayers

Section 529 of the Internal Revenue Code provides rules for the income tax treatment of qualified tuition programs sponsored by a state or by a private college or university.Which two types of tuition programs qualify under Section 529?: Prepaid tuition…


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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.