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Taxes for College Students

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…


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:…


How to Determine Your Filing Status

When you fill out your income tax return, you must indicate on the form what your filing status is. There are five filing status options,…


Claiming Personal and Dependent Exemptions

When preparing your Federal income tax return, there are two different types of exemptions that you may be allowed to claim:Personal exemptions for yourself (and…


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…