On October 16, 2008, the IRS issued news release IR-2008-118 announcing cost-of-living adjustments to dollar limitations for pension plans. Items addressed for 2009 include: Elective deferrals * The annual elective deferral limit for 401(k) plans, 403(b) plans, 457(b) plans, SAR-SEPs, and the … [Read more...]
College Board releases 08/09 cost figures
Public colleges (in-state students): * Tuition and fees increased an average of 6.4 percent * Room and board increased an average of 5.2 percent * Total average cost for 2008/2009 is $18,326 Public colleges (out-of-state students): * Tuition and fees increased an average of 5.2 percent * … [Read more...]
Tax Credits and Deductions for Higher Education
What are the tax credits and deductions relating to higher education? There are two education tax credits--the Hope credit and the Lifetime Learning credit--that provide some relief to families in the midst of financing their children's college education. There is also a federal income tax … [Read more...]
October 2008 Newsletter
View our October 2008 Newsletter. … [Read more...]