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Education

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…


Who Has to File a Federal Income Tax Return?

How to Determine If You Should File a Tax Return With the IRSAre you wondering if you need to file a tax return? While most…


Refundable vs. Non-Refundable Tax Credits

There Are Two Main Types of Credits That Can Reduce Your Tax BillTax credits, available through the IRS, can bring you a substantial savings on…


The American Opportunity Tax Credit (AOTC)

Offset the Costs of Higher Education By Reducing Your Income TaxThe American Opportunity Tax Credit (AOTC) was originally introduced for tax years 2009 and 2010…


7 Things You Should Know About Gift Tax

Which Gifts Are Taxable And What Can Be ExcludedHave you given or received a large gift? Do you know what the tax consequences are? You…


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 dependent child,…


Important Tax Forms

IRS tax forms commonly used by individual taxpayers, including the W-2 and 1040 series.There are many different IRS tax forms that you may come across…


Tax Benefits for Education (Part 2)

2013-2014 Federal Education Tax Breaks for College Savings PlansThis article is second in a series titled “Tax Benefits for Education.” Read the first article HERE:…