Tax Planning for Grandparents Helping With College

Tax Planning for Grandparents Helping With College

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As the holiday season is upon us, this time of the year we find ourselves answering lots of questions from grandparents who want to use holiday gifts to help pay for or contribute to their grandchildren’s college education. The queries always revolve around one simple theme— how do I maximize my tax advantages when paying for my grandchild’s college expenses? There are a few options to consider and definitely some dos and don’ts. Our own Kelly Roberts has authored a nice piece on the subject that was featured in Carolina Business Connection.

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