Save for future college costs by using qualified tuition plans (529 plans or 529 programs). 529 plans are state sponsored investment programs that are given special tax status.
Source for state-operated college savings programs. These programs, directed by non-profit state organizations, offer tremendous tax benefits to families.
The IRS is the U.S. government agency responsible for tax collection and tax law enforcement. Contains downloadable forms, instructions, and agency publications. It also includes "The Digital Daily" an almost-humorous online newspaper.
www.irs.gov/publications/p970/ch07.html
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