“I know the Georgia 529 plan has a state tax deduction. So they can put right now it's, I think, $4,000 each for an account.”
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Said on Retire Sooner with Wes Moss
John Hupala · Agency Intelligence: The Insurance Podcast Network · Stuff About Money: Episode 111: Is College Still Worth the Investment?
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state that grandparent-owned 529 accounts no longer count as income on a student's FAFSA
“I know the Georgia 529 plan has a state tax deduction. So they can put right now it's, I think, $4,000 each for an account.”
“There’s a PayPal account. I believe there is a PayPal account. It’s on our balance sheet. There’s $200,000 in it. We’ll count that as good.”
“Take a percentage of my income and no matter what automate it so I don't see it, put that in the investment account.”
“It does count as a business expense as well. Just remember that. Business training and business mentoring would count as a business expense.”
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