Deducting Graduate Business Education Expenses
The courts and the IRS both have a long history of denying taxpayers the ability to deduct graduate business education expenses. The courts and IRS often find that the education was needed to obtain a...
View ArticleStudent Loan Interest: Can Tax Law Keep Up?
Student loans have been a hot topic in the media and on Capitol Hill. A recent analysis of student loan trends from the credit bureau Experian found that student loan debt increased by 84% from 2008 to...
View ArticleGoing to School? Get a Break with the American Opportunity Tax Credit
Sending a child to school is expensive. Really expensive. I have 2 sons in college and the costs of tuition, books, and extracurricular activities add up quickly. Fortunately, there are tax credits you...
View ArticleWe’re from the Government and We’re Here to Help Finance Your Education
President Obama’s recent proposal to offer two free years of community college tuition has garnered a lot of attention. But like my favorite finance guru Dave Ramsey likes to say, “When the government...
View ArticleBill Passed to Enhance College Tuition Plans
Sending a child off to college can be a tough situation, emotionally and mentally, for many different reasons. Creating a 529 plan to save money and pay for your child’s college tuition is very...
View ArticleTax Deduction for Hosting a Foreign Student
One of the considerations you have to keep in mind if you are thinking of hosting a foreign student is the cost of having another person living in your home. Fortunately, the tax law provides some...
View ArticleNew 529 Account Rules Passed with Extender Provisions
Many are aware of the last minute tax “extender” provisions passed in December, 2015. But you may not be aware of the numerous other tax provisions passed in conjunction with this legislation. One of...
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