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Saving for Education Congress has approved a number of tax-favored ways to save for a child's education, and many taxpayers will want to contribute before year-end to Coverdell Education Savings Accounts (formerly Education I.R.A.'s) or qualified tuition programs, often known as Section 529 plans.
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They can also start a 529 Plan (Qualified Tuition Program) for their children and grandchildren's college education.
The school adopted a flexible tuition program that assigns a sliding scale of tuition based on parental need.
Expanding this program would be much more cost-effective than the tuition program.
For instance, advanced training in finance, social media marketing or obtaining certification for a specific software program may all qualify for tuition reimbursement.
That makes income planning a powerful idea for taxpayers with kids likely to qualify for tuition breaks.
All of the students in the Sutton Trust program would qualify for full tuition and living expenses, with some schools also paying for a flight home every summer.
The program enables qualified Navy personnel to receive full tuition toward a bachelor of engineering or science degree.
Some employers offer their employees tuition reimbursement programs.
Qualified State Tuition Plans, or Section 529 plans, are becoming more attractive.
And many of them pay their bills through their employers' tuition reimbursement programs.
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