Learning Library

A EE bond is redeemed and used for education. If the parent is under the income limit, is the tax-free interest reported on the FAFSA as "non-taxable income"?

Answer: The interest is excluded from the tax form and not included as untaxed income on the FAFSA.....

Scenario: A client wants to move $15,000 of anUGMA (child is now 18) into a child-owned 529.Is a child-owned 529 plan an assessabl....

Answer: A withdrawal from a College Savings Plan is free from federal income tax if the proceeds are used for qualified higher edu....

Answer: The College Savings Plan Account is not taxed to the owner should the owner pass away while retaining control of the Colle....

Answer: It depends on whose name is on the bonds. If both the parent's and the student's names are on the bond, then look at the S....