Year-End Tax Guide For 2011 - Part 3

Education savings The ABCs of tax-saving education

Go ahead, breathe a sigh of relief. Many of the most valuable tax benefits for education had been scheduled to become a little less valuable in 2011, or even expire altogether. Legislation passed in late 2010 postponed these changes until 2013. So you still have plenty of choices on how to leverage the tax code to get the most out of your education spending.

This means you have plenty of opportunities to save on your tax bill while giving your children and grandchildren the best education possible. But it also means you have to consider your options carefully to make sure you use the tax preferences that will best help your bottom line.