Aunts and uncles can get tax breaks when they help fund college
savings for their nieces and nephews.  Help Nieces, Nephews Save
for College  Tax benefits are available to aunts and uncles who
contribute to a relative’s 529 plan college account.   The goal
of Ohio couple Laura and Andy Bean is for each generation to
become more educated than the previous. Finances should never be
an excuse for not going to college, Andy Bean says.  In addition
to saving for college for their own three children, the couple
is saving for three nieces and one nephew with Ohio's
CollegeAdvantage 529 plans, tax-advantaged investment accounts
for higher education.  There are many reasons why an aunt or
uncle would sock away money for nieces and nephews.  [Learn ways
to save on college costs.]  1. To get state and federal tax
benefits: Aunts and uncles who might normally give cash or gift
cards to their nieces or nephews are missing out on tax savings,
says Rob McCord, Pennsylvania state treasurer.  It's a myth that
only the 529 pla