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Form 516

Form 516

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Video instructions and help with filling out and completing Form 516

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Instructions and help about Form 516

if you live in indiana hopefully you've been taking advantage of the very very lucrative 529 tax credit well guess what it is increasing starting in 2023 i've got those details coming up [Music] my name is mike bernard i'm the host of the wise money show i'm also one of the certified financial planners right here at corehorn financial group make sure you hit that subscribe button turn on notifications and smash that thumbs up button alright so 529 playing in indiana i'm sorry it is just it offers the most lucrative tax benefit out there and guys i didn't believe it at first when i heard it but that tax benefit is actually increasing now if you don't live in indiana uh that's okay so here here's how 529 plans work it's essentially the roth ira tax shelter for college accounts okay when you make a contribution into your 529 plan there's no federal tax benefit for that okay so there's no not li

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