Pub. 1 2019 Issue 5

23 nebraska society of cpas W W W . N E S C P A . O R G GET TAX SMART ABOUT COLLEGE SAVINGS Georgetown University’s Center on Edu- cation and the Workforce reports that by 2020, 65 percent of all jobs in the American economy will require postsecondary educa- tion and training beyond high school. 1 Given this trend, a majority of young Nebraskans will likely need a degree to reach their full career potential—which will get expensive quickly. That’s where tax benefits on college savings start to really matter. BY DEBORAH GOODKIN, FIRST NATIONAL BANK OF OMAHA CONTINUED ON PAGE 24