Trump Accounts Explained (2026): Should Parents Open One?
Parents are always looking for ways to give their children a financial head start. In 2025, Congress introduced a new savings vehicle called a Trump account under the One Big Beautiful Bill Act (OBBBA). These accounts are designed to help children begin investing early in life. The federal government will provide $1,000 in seed funding […]
Child Tax Credit 2026, 2025, & 2024: Eligibility & Benefits
The Child Tax Credit (CTC) continues to be a key tax benefit for families across the United States, offering relief as the financial demands of raising children increase. This guide explains the latest Child Tax Credit rules for the 2024, 2025, and 2026 tax years. You will learn how much you can claim, who qualifies, […]
Should I Set Up A Family Trust? | Purpose, Benefits & Rules
Family trusts, also known as living trusts or revocable trusts, are powerful estate planning tools for protecting, managing, and distributing assets to your loved ones. Whether your goal is to preserve generational wealth, avoid probate, or minimize estate taxes, a family trust can be an effective strategy for achieving these objectives. However, deciding whether to […]
529 vs Roth IRA: Which Is Best for College?
Have you been thinking of saving for your child’s college education? You’ve heard about 529 plans. You’ve heard about Roth IRAs. You’d like to help your kids without derailing your own retirement or overcomplicating your tax life. In this guide, we’ll walk through how 529 plans and Roth IRAs really work for college, what’s changed […]
How To Roll Unused 529 Funds Into A Roth IRA
A 529 plan is one of the most popular tools for saving for a child’s college education. It offers tax advantages and flexibility to help parents manage the high costs of higher education. But what happens if your child doesn’t attend college, or you save more than needed? Fortunately, unused 529 funds can now be […]
Private College 529 Plan: Is It The Best Option?
Saving for your child’s education is one of the most important financial steps you can take as a parent. While many families are familiar with state-sponsored 529 plans, a lesser-known but valuable option is the private 529 plan. This prepaid tuition plan allows you to lock in today’s tuition rates at participating private colleges and […]
Can You Use 529 Funds for Study Abroad? Eligible Schools
Saving for a child’s education is one of the biggest financial goals for many families. In the U.S., 529 college savings plans are a popular and tax-advantaged way to prepare for higher education. But what if your child wants to study abroad? Can you use 529 funds at a foreign university? The short answer is […]
Maryland 529 Plan: Fees, Tax Benefits, & Limits
Do you want to start saving for your child’s college education? The earlier you start saving, the more time your money has to grow. A 529 is a tax-advantaged savings plan designed specifically for education expenses. At District Capital, we often help Maryland families weigh the benefits of the state’s 529 plan against other smart […]
The Complete Guide To Virginia 529 Plans For 2026
If you’re trying to choose the right way to save for your child’s college in 2026, Virginia 529 plans, including the state’s flagship program, INVEST529, can be a smart place to start. A 529 plan is a tax-advantaged investment account designed for education savings, giving families a structured way to invest for future tuition and […]
Gifting to a 529 Plan (2026): Smart Education Gifts for Children
If you want to give a gift that could truly shape a child’s future, consider contributing to a 529 college savings plan. Instead of another toy or gadget that may be forgotten in a few months, a 529 contribution can grow for years and potentially reduce the financial burden of college. For many families in […]
