Student Loan Interest Reductions and Tax Deductions

Student Loan Interest Reductions and Tax Deductions

Student loan interest increased dramatically on July 1, however President Obama signed the Student Loan Certainty Act of 2013, which will roll back student loan interest rates to the lower interest rates charged prior to July 1st. The recent signing of the Student Loan Certainty Act of 2013 will help save millions of students (and parents) money, but how do you save money on student loan interest at tax time?

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Planning for Your Future: Education and Retirement Saver’s Tax Credit

Planning for Your Future: Education and Retirement Saver’s Tax Credit

As taxpayers, we are always looking for ways to maximize our income. The Internal Revenue Service (IRS) offers certain tax credits to help us with our expenses and savings surrounding two financial issues that are of great importance to our future: our education and retirement. These are some of the credits for which you may qualify and be one step closer to your financial success. Full story