Taxes for College Students
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…
How To File Your Income Tax Return
Tips & Instructions for Preparing & Filing Your 1040 Return Filing your taxes every year isn’t fun, but it is necessary. This article explains what…
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…
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…
How to Determine Your Filing Status
When you fill out your income tax return, you must indicate on the form what your filing status is. There are 5 filing status options,…
Claiming Personal and Dependent Exemptions
When preparing your Federal income tax return, there are two different types of exemptions that you may be allowed to claim: Personal exemptions for yourself…
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