While the 2020 tax filing season promises to be less confusing than 2019, there are still a number of changes that taxpayers should be aware of. Continue reading
What’s New for the 2020 Tax Filing Season
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Tag Archives: education savings
Important Tax Changes for Individuals and Businesses
Every year, it’s a sure bet that there will be changes to current tax law and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here’s a checklist of tax changes to help you plan the year ahead. Continue reading
Eight Tax Breaks for Parents
If you have children, you may be able to reduce your tax bill using these tax credits and deductions. Continue reading
Saving for Education: 529 Plans
Many parents are looking for ways to save for their child’s education and a 529 Plan is an excellent way to do so. Even better, is that thanks to the passage of tax reform legislation in 2017, 529 plans are now available to parents wishing to save for their child’s K-12 education as well as college or vocational school.
Don’t Forget about College Tax Credits for 2017
With another school year in full swing, now is a good time for parents and students to see if they qualify for either of two college tax credits or other education-related tax benefits when they file their 2017 federal income tax returns next year. Continue reading
Reminder: College Tax Credits for 2016
With another school year in full swing, now is a good time for parents and students to check with their accountant and see if they qualify for either of two college tax credits or other education-related tax benefits when they file their 2016 federal income tax returns next year. Continue reading
Tax-Free Savings for College
According to a recent study published by the Federal Reserve Bank of San Francisco, researchers found that over a lifetime, the average U.S. college graduate will earn at least $800,000 more than the average high school graduate–even after taking into consideration the cost of college tuition and the four years of lost wages it entails. Despite this, most people still feel that a college education is worth the investment. Continue reading
