Baldwin & Assoc CPA's, Grand Junction

05/27/2025

10/21/2023

10/21/2023

Starting the day off visiting Colorado Craft Coffee and Beer House for some morning coffee. Stop in today for the Grand Opening and get a discount. All items are Colorado sourced.

Great atmosphere to come in and meet friends or clients.

Grand Junction, Colorado Grand Junction Area Chamber of Commerce

09/05/2023

What's stopping parents and grandparents today from opening a 529 plan? What if they don't want to go to college, or what if they get scholarships and don't need the money.

There is, of course, a saying that all college students in student loan debt could say: Hind site is 20/20. If we only planned better!

Money in a 529 compounds, so the longer it is in the plan the more your student will have for things like; tuition, on and off campus housing, food and meal plans, books and supplies, computers and software and internet service.

Baldwin & Associates CPA's, LLC, here in Grand Junction, Colorado, wants to give you good news with a few Tax Strategies.
1) Grandparents can play an important role in ownership of the plan so the asset is not reported on the FAFSA form. Beginning 2024-25 college year.
2) Colorado provides a deduction of taxable income for contributing to a CollegeInvest plan.
3) Start the Clock - SECURE 2.0 Act allows unused 529 funds to be rolled over to a with no tax consequence if the 529 plan was opened for 15 years.

Give us a call at 970-241-1040, , always looking for a good to join the team, and .

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Grand Junction Area Chamber of Commerce Fruita Area Chamber of Commerce Colorado