Sentences with phrase «direct tuition payments»

Although your direct tuition payments (even for adult children) are exempt from gift tax when required by a property settlement agreement, be aware that your payments for related educational expenses (e.g., books and room and board) may be subject to gift tax.

Direct tuition payments (and tuition payments alone, NOT payments for other educational expenses such as room and board and meal plans) are not considered taxable gifts.

Contributions to 529 accounts and direct tuition payments should top parents» and grandparents» lists.

Not exact matches

However, the direct payment of someone else's tuition expenses is not considered a taxable gift, and is therefore exempt from the gift tax (up to $ 14,000 per year).

All 529 plan administrators direct payment for K - 12 directly to the plan sponsor (the parent in most cases, but grandparents can play too), hence it is your responsibility to retain receipts for qualifying tuition payments.

Payment Options If your employer offers benefits, such as tuition assistance or direct bill, you'll get the help you need from Ashford to apply that reimbursement toward your education.

MSP supports direct integrations with the largest private school tuition providers — Smart Tuition & Facts Tuition — allowing you to conveniently view your balance, upcoming payment information antuition providers — Smart Tuition & Facts Tuition — allowing you to conveniently view your balance, upcoming payment information anTuition & Facts Tuition — allowing you to conveniently view your balance, upcoming payment information anTuition — allowing you to conveniently view your balance, upcoming payment information and more.

Although the credit covers your tuition and fees, you may not include the cost of books and supplies unless the school requires direct payment for them.

For example, the closed school loan discharge payments would cover the federal loan balances while the tuition recovery fund payments could cover expenses such as private loans and cash payments that were directed toward tuition payments at your closed school.

In the end the court ordered direct payment of tuition and books, medical and travel costs costs be paid to the child plus $ 5,000 a month to the mother as child support.

We do not accept direct military payments, however you may be eligible for tuition reimbursement through you military education department.