In 529 College Savings Plans under the TCJA: Evaluating Age-Based Portfolios, from the Fall 2019 edition of The Journal of Wealth Management, Ross A. Riskin of the American College of Financial Services discusses the effects of the Tax Cuts and Jobs Act of 2017 (TCJA) on 529 college savings...

The enactment of the Tax Cuts and Jobs Act of 2017 (TCJA) introduces some of the most sweeping tax law changes in more than 30 years and enhances the flexibility investors have when using 529 college savings plans for more than just qualified higher education expenses. Investors can now use...

For the 2018 tax year, colleges will now be required to use the payments received method (Box 1) to report qualified higher education expenses paid by taxpayers on Form 1098-T, which is both furnished to the IRS and relied on by taxpayers when claiming education tax deductions and credits such...

While student loans continue to be a hot topic from economic, political, and social perspectives, and recent research has focused on the individual outcomes and macroeconomic effects of student borrowers, this paper focuses on a different group of borrowers – parent borrowers, specifically...

Tax planning and compliance challenges may arise for taxpayers who utilize 529 plans to pay for qualifying education expenses and subsequently receive refunds as a result of COVID-19. This article examines the scenarios taxpayers may be faced with and options available to help preserve the...

This article explains how some provisions related to section 529 college savings plans in the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 conflict with existing tax law provisions, and provides policy change recommendations to help eliminate that conflict. If...

Now that investors can receive preferential federal income tax treatment when using 529 college savings plans to pay for qualified K-12 tuition expenses under the Tax Cuts and Jobs Act of 2017 (TCJA), it is important to determine whether the value of receiving and investing state income tax...

This article focuses on the actual individual and business income tax liabilities that would be imposed on business owners in three case simulations. This research evaluates the effect of business entity choice under the TCJA when considering a financial goal that is relevant for many taxpayers...

In this article, Anderson and Riskin examine the 2022 filing season and explore a unique opportunity for married student loan borrowers who are enrolled in an income-driven repayment plan to benefit from tax savings and lower student loan payments