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Education

Will I be taxed for employer tuition assistance?

Employer tuition assistance (aka educational assistance) could be taxable. Check whether your employer's program counts as an exception. As the cost of education rises –…


Educate yourself on college tax breaks

March is a gut-wrenching month for high school seniors waiting for college acceptances ... and for their parents awaiting financial aid awards. But another spring…


When you’re paying for education, make it pay a little back

The tax code has several ways to claim a tax benefit for the cost of a post-secondary education.NEW YORK (MainStreet) — The U.S. tax code…


The rules on deducting student loan interest

You can claim up to $2,500 in interest paid on qualified student loans used to pay for college or vocational school.NEW YORK (MainStreet) — You…


Tax-savvy ways to save for your kid’s college expenses

The tax code provides several ways to defer or avoid taxes while saving for your child's education.The tax code provides several ways to defer or…


Tax-free Coverdell savings accounts saved by Congress

Coverdell education savings accounts have never really drawn many headlines, even when unexpectedly saved from extinction as part of Washington's "fiscal cliff" deal.Much like the…


Year-end moves for parents scared to save for college

When Sharon Doyle thinks about college savings for her two kids, the numbers are almost too big to comprehend.Doyle, 44, recently calculated expected college costs…


The perversity of student debt

U.S. student debt levels are surging but along with degrees and skills the loans are producing perverse incentives and unforeseen economic consequences.Consumers upped their debt…