Do you currently fund a Vermont 529 college savings plan? If so, this is a reminder that in order to qualify for the tax credit for 2014 you need to fund it by December 31, 2014. In addition, be sure to review whether you should make a 529 withdrawal for Qualified Education Expenses by the same date.
For more information about 529 plans please visit: www.vheip.org
Davis & Hodgdon Associates CPAs has been assisting nonprofits, individuals and businesses with tax and accounting services in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].