01.09.23 New tax rules on 529 plans / New Energy Credits

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 9 January 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Clark’s first in a series about new tax rules in effect: A GREAT development with 529 plans may change your decisions on how to save for college. Also, Clark covers energy credits in the Inflation Reduction Act. Learn what you may be eligible for, covering heat pumps, solar and more, and why you should take your time! New 529 Plan Rules: Segment 1 Ask Clark: Segment 2 New Energy Credits: Segment 3 Ask Clark: Segment 4 Mentioned on the show: NYTimes.com: A Sign That Tuition Is Too High: Some Colleges Are Slashing It in Half Families can make a tax-free rollover from 529 plans to Roth individual retirement accounts starting in 2024 SavingForCollege:Section 126: Rolling Over 529 Plan Funds Into a Roth IRA BBB-File a Complaint Why This Is the Best Time To Buy Series I Savings Bonds Rewiring America - How much money will you get with the Inflation Reduction Act? [The Washington Post] 3 ways to tap billions in new money to go green - starting this month How To Pack a Carry-On the Right Way Shipt vs. Instacart: Which Grocery Delivery Service Is Better? 6 Best Grocery Delivery Services Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Have you ever been caught out by payments you've forgotten about?
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0:08.2	tool on our app.
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0:14.0	next 31 days to avoid any surprises.
0:17.8	It's just one of our many useful tools that can help you stay on top of your money.
0:22.4	To find out more, go to Lloydsbank.com forward slash cost of living.
0:27.0	Lloydsbank by your side.
0:35.2	I'm so glad to welcome you here to the Clark Howard Show.
0:38.2	Our mission is to serve you and empower you so you make better financial decisions in
0:44.0	your life.
0:45.4	I'm going to do the first of a series of explanations of new tax rules that are in
0:51.3	effect.
0:58.3	Today I'm going to kick off with a new tax rule involving 529 college savings plans that
1:00.3	I love later.
1:04.8	Something else has gone into effect is something referred to as the inflation reduction act.
1:10.4	It's a silly name for something that is not going to reduce inflation.
1:15.2	But there are things in it that could save you individually a lot of money.
1:22.1	I want to talk about some of the energy credits you're eligible for now in 23.
1:30.8	Let's talk 529 plans.
1:33.6	529 plans are an overlooked fantastic tool that allows you to save money for a kid's
1:41.6	college education and college costs are moderating.
	...

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