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10 Essential Tips to Make Filing a FAFSA Easy

10 Essential Tips to Make Filing a FAFSA Easy - TaxACT

Filing a FAFSA (Free Application for Federal Student Aid) is an important step when getting ready for college. These tips can make filing the application for financial aid easier. If you or someone in your household is planning to go to college, you’ve probably heard of FAFSA, or Free Application for Federal Student Aid. The FAFSA […]

8 Kinds of Debt You Can’t Lose in Bankruptcy

8 Kinds of Debt You Can't Lose in Bankruptcy by TaxACT

When people go through a financial crisis, sometimes bankruptcy is the best or only solution. For example, when someone has insurmountable debts, often due to one-time events such as divorce, catastrophic illness, or business failure, bankruptcy may be the best way to overcome debt that person has no way of ever paying back. By “bankruptcy,” […]

Tax Benefits: Education Tax Credits Mean More Money In Your Pocket

Tax Benefits: Education Tax Credits Mean More Money In Your Pocket

You can still get tax benefits for higher education expenses. If you or your family members attend or are planning to attend postsecondary school in 2013, you can count on education tax credits to help you defray the cost. American Opportunity Credit (formerly the Hope Credit) One tax benefit is not only extended, it’s also […]

10 Year-End Tax Tips to Maximize Your 2013 Refund

10 Year End Tax Tips - TaxACT

Although the year is winding down, there’s still time to maximize your 2013 refund. Here are 10 tips for saving more on your taxes before December 31: 10. Drain your Flexible Spending Account (FSA). If you still have money left in your FSA, don’t let it go to waste. Check with your employer to verify […]

Family Loans: Does The IRS Care If I Lend My Kids Money?

Family loans: Does the IRS care if I lend my kids money? by TaxACT

You might lend your kids money from the time they are little – to buy a bicycle, to get that first car, or to buy a house. Does the IRS have anything to do with these family loans? For small loans, the answer is “no.” The IRS isn’t concerned with most personal loans to your […]

The Importance of Self-Education

The Importance of Self-Education - TaxACT

How do you continue your education? Online classes, college, books? The value of education is stressed upon us from an early age – starting with our teachers pushing us to achieve higher grades, to our parents’ desire for us to continue on to college. However, alternative forms of education, like trade school, apprenticeships and self-education […]

Staying in the Black With The Student Loan Blues

Staying in the Black With The Student Loan Blues - TaxACT

How do I repay my student loans and still pay my bills? This is the time of year when proud parents of the senior class gather to watch their children prepare to graduate from college. After the hats are tossed, tears are wiped away and the celebratory cake is gone—the graduates will begin their new […]

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