College Financial Planning Services in Virginia Beach & Hampton Roads

Smart strategies to fund your child’s education without sacrificing your retirement.

How can you…
→ Pay for your kid to go to college
→ Spend and save as you are now
→ AND increase the amount of money you have for retirement?

Start by implementing some college financial planning strategies.

It sounds too good to be true. And it is too good to be true… unless you know the ins and outs of the college funding system and you pick up a few tips from us on how to use your household cash. It’s not too late to begin college financial planning!

Contact us to start building a clear succession plan. We’ll help you determine your business’s value, review tax consequences, project future outcomes, and design a retirement strategy that protects both your family and your legacy. Schedule your consultation today.

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Learn how to gain financial aid even if you don’t qualify for need-based money.

Use the IRS to pay for up to $9,000 of your student’s money for college.

Learn that private colleges can be just as affordable as state colleges, even when the initial tuition amount is more than twice as much.

Earn money while searching for money to pay for college.

Pay for college, save thousands toward retirement, and pay off your mortgage in record time!

College is an investment in your child’s future. It may be tempting to take the loans that are offered in abundance to pay for this critical investment in your child, but loans are not the only option.

Ask to speak to one of our College Financial Planning Specialists for information that could be valuable to your future, as well as that of your child.

Ready to plan for the future of your business with confidence?

Schedule your consultation with FasTax, Inc. today and get expert guidance every step of the way.

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Should Hampton Roads Homeowners Add A Name To A Deed?

Quick Answer: While it’s mechanically simple to add a name to a deed, doing so during your lifetime is a financial mistake that triggers unexpected IRS gift tax reporting and destroys your child's future stepped-up basis tax shield. To safely bypass probate court...

What Is the US Retirement Age Timeline for Hampton Roads Retirees?

Quick Answer: The official US Full Retirement Age is 67 for anyone born in 1960 or later, but true retirement is an 11-to-13-year financial timeline stretching from age 62 to age 73 or 75. Your specific birth year determines where you fall on this milestone spectrum,...

Supporting Hampton Roads Charities? How 2026 OBBBA Charitable Giving Contributions Work

Quick Answer: Effective for the 2026 tax year, the One Big Beautiful Bill Act (OBBBA) establishes a new universal deduction allowing non-itemizers to deduct up to $1,000 ($2,000 for married couples) for qualified cash donations directly from their income. And...

Calculating Crypto Taxes Simplified For Hampton Roads Investors

Quick Answer: Crypto taxes are calculated by subtracting your cost basis from your gross proceeds for each taxable sale, swap, or purchase made with cryptocurrency. The IRS treats crypto as property, so selling crypto, trading one token for another, or earning...

How the Secure 2.0 Act Changes Beneficiary IRS Tax Rules For Your Hampton Roads Heirs

Quick Answer: Under the SECURE 2.0 beneficiary IRA tax rules, most non-spouse heirs must fully liquidate an inherited IRA within 10 years, with many also facing mandatory annual required minimum distributions (RMDs) if you pass away after age 73. Because the...

Who Can Claim the American Opportunity Tax Credit? Guidance for Hampton Roads Parents

Quick Answer: The American Opportunity Tax Credit (AOTC) must be claimed by whoever legally lists the student as a dependent on their federal tax return. If a parent claims the undergraduate, the parent gets the credit; if the student is independent, they claim...

Do You Get Better Tax Breaks For Being Married, Hampton Roads Couples?

Key TakeawaysMost married couples lower their tax liability by choosing the Married Filing Jointly status, which preserves access to deductions that separate filers lose. When there is a significant income gap between partners, combining earnings on a joint...

2026 Guide to Short-Term Rental Taxes for Hampton Roads Airbnb & VRBO Hosts

Key TakeawaysYou do not have to pay federal income tax on rental earnings if you rent your home for 14 days or fewer per year and use it personally for more than 14 days (or 10% of the rental period). You will only receive a Form 1099-K if you exceed $20,000 in...

Do You Have to Pay Taxes On Sports Betting? What Hampton Roads Bettors Need To Know

Key TakeawaysThe IRS considers all sports betting payouts as ordinary income, regardless of the amount or whether you received a tax form. For the 2026 tax year, you can only deduct 90% of your gambling losses against your winnings, even if you ended the year...

The Hampton Roads Taxpayer’s Guide: How Do I Calculate My Federal Tax Withholding?

Key TakeawaysA large refund is an interest-free loan to the government, while a big bill suggests you are at risk for IRS underpayment penalties. Updating your Form W-4 by late April allows you to spread adjustments across the majority of the year, minimizing the...