1.   -- Tax deductions for college expenses.

2.   A. My frequent advice that parents save for college expenses in their own names is based on the staggering escalation that is expected for college expenses.

3.   Both plans would let you make penalty-free withdrawals from IRAs for home purchases and college expenses.

4.   But earnings are sheltered until you withdraw them for college expenses.

5.   Certainly if you factor that extra cash into the formula, you should have few troubles with college expenses.

6.   Dividends, interest and capital gains compound free of federal and state income taxes until the money is withdrawn for college expenses.

7.   Farhit, who has worked at the deli for two years, said her winnings will come in handy for college expenses.

8.   For some people, the tax bill provides other relief from college expenses.

9.   If so, the funds could not be used for college expenses until the senior year.

10.   In addition, the earnings are not taxed by the state when the money comes out to pay for college expenses.