Author Topic: Easy Credit Card spend for those of us with tuition - Giftofcollege.com  (Read 621 times)

Offline ChaimMoskowitz

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Re: Easy Credit Card spend for those of us with tuition - Giftofcollege.com
« Reply #15 on: February 13, 2018, 11:12:46 PM »
Or don't post it on a public forum.
Post it as it has been years since I used them.  :)

FYI: Good way to get banned by brokerage firms.
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Offline davidrotts63

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Re: Easy Credit Card spend for those of us with tuition - Giftofcollege.com
« Reply #16 on: February 13, 2018, 11:13:35 PM »
Post it as it has been years since I used them.  :)
From the guy who with his own hands ended USPS MO....
CMIIW

Offline ChaimMoskowitz

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Re: Easy Credit Card spend for those of us with tuition - Giftofcollege.com
« Reply #17 on: February 13, 2018, 11:15:53 PM »
From the guy who with his own hands ended USPS MO....
That one I had ZERO to do with. 100% HOGS fault!!!
I just found a new supply of forks!

Offline rileywiles23

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Re: Easy Credit Card spend for those of us with tuition - Giftofcollege.com
« Reply #18 on: February 14, 2018, 01:03:18 AM »
From the guy who with his own hands ended USPS MO....
Oh the irony of it all.....
Life is as good as you make it...

Offline davidrotts63

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CMIIW

Offline ckmk47

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Re: Easy Credit Card spend for those of us with tuition - Giftofcollege.com
« Reply #20 on: February 14, 2018, 03:33:06 AM »
No, it's per child. Here's the actual text from the law:
"The amount of cash distributions from all qualified tuition programs described in subsection (b)(1)(A)(ii) with respect to a beneficiary during any taxable year shall, in the aggregate, include not more than $10,000 in expenses described in subsection (c)(7) incurred during the taxable year."

Beneficiary is per child, not per family.
In NYS only $10,000 is deductible per couple. No matter how many kids.

Offline Geshmak25

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Re: Easy Credit Card spend for those of us with tuition - Giftofcollege.com
« Reply #21 on: February 14, 2018, 06:05:06 AM »
In NYS only $10,000 is deductible per couple. No matter how many kids.
OP is only discussing in respects to MS, not state tax deduction. That seems to be the source of the confusion.
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Offline Denverite

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Re: Easy Credit Card spend for those of us with tuition - Giftofcollege.com
« Reply #22 on: February 14, 2018, 09:26:24 AM »
OP is only discussing in respects to MS, not state tax deduction. That seems to be the source of the confusion.

Correct