"Tax Aid" strategy for families who won't qualify for any other kind of aid.http://www.forbes.com/sites/troyonink/2013/07/30/college-tax...Many families simply earn too much for their child to qualify for need-based college aid, so they need to shift their focus to what I call tax aid; tax savings that help lower the overall cost of college. With the stock market at all-time highs, parents can combine their investment gains with this tax strategy to wipe out $25,000 in capital gains each year while a child is in college. That’s a pretty good way to save for college, and it can pay dividends in retirement, too.In the following hypothetical example you will gift your daughter appreciated stock or other investments like mutual funds or ETFs, and your daughter will use the standard deduction, personal exemption and American Opportunity Tax Credit to offset $25,000 of long-term capital gains in a single year.IP
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