IRS.com is a privately owned website that is not affiliated with any government agencies.

Education

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…


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,…


Education Tax Breaks for Your Federal Return

Lower Your Tax Bill By Claiming Tax Credits & Deductions for Education ExpensesIf you, your spouse, or dependent child pursued a higher education, you may…


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…


Gift Tax

Which Gifts Are Taxable & What Can Be Excluded Have you given or received a large gift? Do you know what the tax consequences are?…