Taxes and Education
Is Student Loan Forgiveness Taxable? – Why your IRS federal tax returns hold the answer
What is the New Federal Student Loan Forgiveness Plan? As of August 24, 2022, the Biden Administration announced a three-part plan to cancel certain amounts…
Tax Deductions for Student Loan Interest
Federal Tax Break for Interest Paid on a Qualified Student Loan The Student Loan Interest Deduction is an education tax benefit that allows taxpayers to…
Refundable vs. Non-Refundable Tax Credits
There Are Two Main Types of Credits That Can Reduce Your Tax Bill Tax credits, available through the IRS, can bring you a substantial savings…
Taxes & Education
Offset the Cost of Education By Claiming These Tax Breaks on Your 1040 Return Everyone knows that education costs money and tuition is expensive. However,…
Cryptocurrency and Taxes
When you hear cryptocurrency, your mind may automatically jump to big names like Bitcoin and Ethereum. What you may not think of is taxes. However,…
The American Opportunity Tax Credit (AOTC)
Offset the Costs of Higher Education by Reducing Your Income Tax The American Opportunity Tax Credit (AOTC) was originally introduced for tax years 2009 and…
Education Tax Credits for Back-to-School
Education tax breaks that can help save you money. If you pay for the cost of higher education for yourself, your spouse, or your…
Tax Benefits for Education (Part 2)
2021-2022 Federal Education Tax Breaks for College Savings Plans This article is second in a series titled “Tax Benefits for Education.” Read the first…
