Saving for College? Consider These Options.
Tax-Smart College Savings Strategies for Parents College is expensive. Data for the 2019–2020 academic year indicates that the average cost of tuition, fees, room, and board was $30,500. The tax law has provisions to help you cover the costs, including Coverdell accounts, Section 529 savings plans, and Section 529 tuition plans. Contribute to a Coverdell