One minute they’re toddlers learning to walk, and the next they’re crossing the stage at high school graduation! So the sooner you start saving for a child’s college education, the better.
In our last article, we identified situations when you are required to file a gift tax return. However, reasons exist for when filing a gift-tax return even though it’s not required is a good idea. Doing so could save your family a great deal of bother and money in the future.