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Taxes and Education

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,…


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:…


Tax incentives to send your college graduate to grad school

These days it is more likely than not that your college graduate will be either unemployed or at least underemployed for at least a couple…


How to save on taxes when your college grad moves back home

Qualify for the dependent exemption and deduct $3,800 from your earningsThe economy is better than it was, but not ideal, and the job market for…