There are several ways in which education expenses can be used to decrease your tax burden. In addition to the Hope Credit, the Lifetime Learning Credit, and the student loan interest deduction, there is also a deduction available for tuition and fees related to educational expenses. Although this deduction can not be taken if you…
In all the complexity of tax preparation, it is easy to miss a deduction or credit. This is a particular advantage to utilizing a professional tax service because they ask all the questions you may otherwise overlook. Here is a look at some of the most commonly missed deductions and credits. Tuition and Fees Deduction…
A lot of things change when you have a child. One of those things is your income tax regarding the deductions and credits you get. You can claim a baby who was just born on your taxes. To get the maximum tax benefit, get clued in on what steps to take and what deductions and…
