As my prior blog indicated, as the end of the year approaches, your tax liability is beginning to solidify. As the ball drops in Times Square tonight, most of your ability to plan for your 2014 bill goes out with the old year.You could make a contribution to a 529 plan yet today.You can do annual exclusions for up to 5 years.So, if you miss the boat on making a contribution today, you can use future annual exclusions to cover the contribution next year.A 529 plan allows tax benefits for … [Read more...] about Year-End Tax Planning, Part 2
