Pay ZERO Taxes Under The New Law With Tax-Deductible College Funding
According to the College Board, the average college cost (including tuition, room, board and supplies) for the 2017-2018 school year totaled $47,730 for private colleges and $21,510 for state residents of public colleges, for an average cost of $34,620 annually. Most financial planning advice on saving for college centers on what type of accounts (529 plans, Roth IRAs, Coverdell Savings Accounts, custodial, etc.) should be used.
Unfortunately, that advice misses the main point, since no federal income tax deduction is allowed for contributions to...
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