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Birth of Child Savings Accounts
We are expecting our first child in January 2024. I plan to sign her up and start contributing to a 529 college savings plan. Are there any other tax advantaged accounts I can also look into for our child (such as UGMA, UTMA accounts)? Additionally, I know the child tax credit has evolved in recent years. What will be the rules for 2024? Can we expect less tax liability?
‎October 25, 2023
12:12 PM