Inflation Reduction Act

One of the provisions of the Inflation Reduction Act signed into law by President Biden creates a 15% minimum tax on Corporations that generate revenue of $1B or more. Below are a few excerpts from an article published on CNBC. Companies that make more than $1 billion a year will now have to pay a

529 College Savings Plan

Great news on the horizon for grandparents who contribute to 529 college savings plans for their grandchildren. These payments will no longer reduce financial aid potential. This is great news. For full details and additional potential tax advantages see article.