If you plan to get married this year, don’t forget about the tax implications that come along with tying the knot. For instance, are you aware of the “marriage tax”? It’s an unofficial term for various parts of the tax code that mean you may pay more as a married couple than you would as two individuals. But, while […]
10 Tax Benefits for College Students
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College can be expensive, but the IRS offers a number of tax benefits for college students to make higher education more affordable for more Americans. Whether you’re a parent of a college student or paying your own way through school, here are 10 important things to know about college and taxes:
Tax Benefits: Education Tax Credits Mean More Money In Your Pocket
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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 […]
3 Tax Mistakes Parents Make That End Up Costing Them
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What are the most common tax mistakes parents make that cost them money at tax time? There’s more to being a parent at tax time than claiming another exemption on your return. Tax professionals see some mistakes time and time again that can cause parents to pay more tax than they should have to. Take […]
