Peel Learning Foundation’s Post

Can I use more than one gifted deposit? Yes, you can use multiple gifted deposits. Each will be treated separately, with their own set of required information documentation, and individual gifted deposit letters or completed gift declaration forms. For more information on Gifted Deposits, visit this blog post: https://buff.ly/3yYXMLG

How to Turn Monetary Gifts into Teachable Moments https://ow.ly/psb650SZpxG

Fund a 529 education savings plan By putting money into a 529 education savings plan account, you may be able to give a gift to a beneficiary of any age without incurring federal gift tax. You may also be able to contribute up to five years’ worth of the annual gift tax exclusion amount per beneficiary in one year, subject to certain conditions.

OMG I love this article! If you have young children this article is spot on. Help teach them about money. Kids are consumers RIGHT out of the womb! https://bit.ly/3PisjJt

The start of another year isn’t far off. With it comes a new school semester and possibly new tuition bills. If you’re thinking about helping a grandchild or other student with their college expenses, consider the tax implications. If the amount you give exceeds the annual gift tax exclusion, you might owe gift tax on the excess. In 2024, this exclusion is $18,000 per recipient or $36,000 for married donors who split gifts. In 2025, these figures rise to $19,000 and $38,000 respectively. To avoid tax implications, you can pay tuition directly to the school, which qualifies for an unlimited gift tax exclusion. This exclusion applies only to tuition, not to room, board, books or supplies. #GiftTax #TuitionPayments #TaxPlanning #CollegeExpenses #GrandparentGifts #TaxExclusion #IRSCompliance #EducationSupport #CollegeFunding #GiftTaxExclusion #TaxTips #TaxSavings

Only 1 DAY until 529 Day! Keep the celebrations going with automatic contributions! You have enough things to worry about - don’t let saving for education one of them. Simply set up automatic contributions and let your savings account grow without any extra effort.💯 . Check out more ways to celebrate and save for 529 Day 🔗 - https://loom.ly/MxeqYwg #529Day #CollegeSavings #529Plan #EducationSavings #InvestInEducation #FinancialPlanning #HigherEducation #CollegeFund #529Awareness #TheEducationPlan

How to Turn Monetary Gifts into Teachable Moments https://ow.ly/ev1x50SFYEK

𝗚𝗼𝘁 𝘁𝗲𝗲𝗻𝘀? 𝗣𝗹𝘂𝗴𝗴𝗶𝗻𝗴 𝘁𝗵𝗲𝘀𝗲 𝗺𝗼𝗻𝗲𝘆 𝗹𝗲𝗮𝗸𝘀 𝗰𝗼𝘂𝗹𝗱 𝘀𝗮𝘃𝗲 𝘆𝗼𝘂 𝘀𝗲𝗿𝗶𝗼𝘂𝘀 𝗰𝗮𝘀𝗵! 💸 Just like snacks disappear when teens are around, 𝘮𝘰𝘯𝘦𝘺 𝘭𝘦𝘢𝘬𝘴 sneak away too—those pesky forgotten subscriptions or tiny charges that add up fast. Take back control today by cicking here: https://loom.ly/CHwzD0U Small changes = big savings. Click below to learn how to seal those leaks and keep your cash where it belongs. #MoneyTips #BudgetHacks #SaveMoreSpendLess #SmartMoneyMoves #FinancialFreedom

My mother had written a postcard to her dear friend in the UK while she was on vacation with me in Vancouver. Innocently, I offered to send it for her, leaving me with a dilemma: where do I buy stamps and where is a post box or post office? I’m 58 years old and for most of my life, this would have been the simplest of tasks, regardless of where in the world I lived. In 2024 this proved to be a challenge. A week later, I found a pharmacy 3,828 steps away from home, which sold stamps and could send the postcard for me; it was likely to arrive to its destination in less than ten days. This led me to ponder on the rapid change to many of our once-held-sacred institutions (such as the postal service) and to consider writing about them for my children and their future children, not to memorialise or glorify the past, but rather to marvel at how far we’ve come and to enjoy the world’s modern advances across so many industries. Who could have imagined that the complex process for sending letters around the world would one day be superseded by much faster and cheaper solutions: first the fax, then email and now text and image messaging? While the media is painting a fatalistic and depressing outlook on the world, let’s pause to celebrate today, to stand in awe of the improvements made in just one lifetime. Let’s paint a picture of the future which is not bleak, but rather one whose technology continues to improve our lives and the planet. #wisdom #gratitude

When was the last time you cleaned out your wallet? If you’re like most of us, it’s probably been a while. Take 5 minutes today to declutter—remove old receipts, unused loyalty cards, or anything else that’s been building up. A tidy wallet helps you feel more organized and in control of your finances. Sign up to learn more about Financial Wellness Workshops for students and young adults https://lnkd.in/ePXQB7S8 An organized wallet can also make it easier to keep track of your spending. You’ll know exactly what you have on hand and can avoid unnecessary purchases or confusion about what you’ve already spent. Plus, you might even find forgotten cash or gift cards hiding in the clutter! This small action is an easy way to start improving your financial habits. The more control you have over your daily spending, the easier it becomes to manage your money long term. #StudentSuccess #LifeSkillsForTeens #ResourceManagement #ExamPreparation #PracticalLearning #SkillsForLife #StudentWorkshops David Sinclair-McCabe Caitlin Hafer Monish Kadam