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Education

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…


Are education costs tax deductible? | Video

We all know the importance of a good education. We also know that the cost of furthering your education is rising. But did you know…


College costs stall as borrowing falls, study says

Rising U.S. college costs hit a ceiling this fall and student borrowing dropped for the first time in 20 years, according to data released by…


Choosing a college savings plan

529 college savings plans are tax-advantaged college savings vehicles and one of the most popular ways to save for college today. Much like the way…


Do You Have to File a Tax Return?

You are required to file a federal income tax return if your income is above a certain level, which varies based on your filing status…


What Is Federal Withholding

How These Taxes Affect Your Paycheck, Tax Return, and Tax Refund The terms “payroll taxes” and “withholding taxes” essentially refer to the same thing. In…


Tax Brackets and Tax Rates

MARGINAL TAX BRACKETS Many people do not understand marginal income tax and how it affects them. One of the most common misconceptions is that moving…


Tax deductions for students

Tax deductions lower your taxable income and they are equal to the percentage of your marginal tax bracket. For instance, if you are in the…