529 College Savings Plans

Opportunities for 529 College Savings Plans

Posted on: May 24th, 2015
529 College Savings Plans consistently offer long-term tax-deferred growth for future students. As a savings tool, 529 plans come with a few restrictions. For one, contributions must be made with after-tax dollars. ...

Trends in 529 College Savings Plans

Posted on: October 28th, 2014
As student loan debts are at historic highs, new families are responding by investing in the next generation’s college savings. Record high funding of 529 College Savings Planswas recently reported by financial asset management company Strategic Insight....

Estate Planning for New Parents in North Carolina

Posted on: May 20th, 2014
According to the North Carolina State Center for Health Statistics, over 17,800 babies were born in the three major counties of the Triangle during 2012. How should parents update their estate plans for new babies?...

Last-Minute Tax Review for Same-Sex Couples

Posted on: March 28th, 2014
As Americans across the country prepare tax returns in the final days before April 15th, married same-sex couples face unique tax filing requirements. ...

More Tax Deductions Expiring End of 2013

Posted on: November 26th, 2013
If you have not yet consulted with your North Carolina tax attorney or CPA about several state deductions that are expiring (like the deduction for contributions to NC 529 College Savings Plans), over four dozen federal deductions scheduled to expire at the end of 2013 may prompt you to schedule a meeting soon. ...

NC 529 College Savings Deduction Repealed 2014

Posted on: November 25th, 2013
The North Carolina state tax deduction for contributions made to 529 College Savings Plans will be repealed effective January 1, 2014. Before this date, taxpayers are able to deduct $2,500 contributions annually. ($5,000 for married taxpayers filing jointly.)...
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