Education expenses are high and are rising.These slides can help guide you in your efforts to plan now for your education, reduce your current year tax liability, and reduce your family’s total education costs.

Qualified Tuition Plans (529 plans)

• Can contribute $13,000 each year or $65,000 without gift tax
• Contributions are nondeductible
• No AGI limitations
• Distributions for qualified higher education expenses are tax-free
• Reduces taxable estate
• Georgia tax credit available for Georgia 529 plans