We've been investing in 529s for our children for almost two decades. Like most of you, we hope to seamlessly combine our 529s with our Coverdell Educational Savings Accounts (ESA), Post 9/11 GI Bill benefits, scholarships, and education tax credits. With more parents contributing to a 529 plan to help pay for their child's college [...]
Whether you have a rental property for investment reasons or, like many military families, it's time to PCS, you need to complete and attach IRS Schedule E to your 1040. This information is based on both my personal experience investing in rental real estate and common errors I’ve seen new clients make on their tax [...]
Many military families are in the final planning stage of their permanent change of station (PCS) move. As “PCS season”approaches, tax questions about what moving expenses are deductible and how to deduct them are often asked. Unlike other tax deductions, you do not need to itemize on your taxes to benefit from this savings. The [...]
