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Taxes for College Students

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…


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 Credits

What Are Tax Credits & How Do They Lower Your Tax Bill? Tax credits can help reduce your liability dollar-for-dollar. That being said, they generally…


How to Write a Check to the IRS for Taxes

 Individuals have many different options for paying their federal income taxes. You can pay electronically (online) with a credit card, debit card, or e-check…


Requesting a Tax Extension

Each year, millions of U.S. taxpayers file for a tax extension with the IRS. Filing for a tax extension doesn’t mean you have more time…


Where Did the Hope Scholarship Tax Credit Go? Good News for Qualifying Students and Parents of Students

If you're looking for the Hope Scholarship Credit, you're in for some news --- most of it good. The Hope Scholarship Credit was a tax…


The American Opportunity Tax Credit

The American Opportunity Tax Credit is an education tax benefit that allows taxpayers a credit of up to $2,500 if they paid the qualifying educational…


Tax Credits

Lower Your Taxes By Claiming Tax Credits On Form 1040 Ask anyone and they will surely tell you they pay too much in taxes. Fortunately,…