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Education

Spent Too Much Getting Your Dorm Ready? 4 Savings to Help College Students (or Parents)

September 18, 2018 January 4, 2019 / Jim Wang

With a new college school year underway, it’s comforting to know that you could get some help from Uncle Sam in dealing with the blizzard of college-related expenses that are hitting. The IRS provides a number of education tax credits...

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Education

4 Little Known Tips to Help You Pay School Tuition

August 9, 2018 January 4, 2019 / Jim Wang

According to the College Board’s 2017 – 2018 Trends in College Pricing report, the average full-time student at a four-year nonprofit, private university will pay $34,740 a year in tuition and fees. Add in room and board and the price...

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Education

Is My Student Loan Tax Deductible?

July 28, 2018 January 4, 2019 / asbbaines

Young woman with earphone studying on library.

Student loans have become a tremendous burden for many young adults and parents today. With college costs skyrocketing and little hope to cover tuition without borrowing funds in some fashion, getting stuck with those student loan payments is almost certainly a...

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Education

Who Should Take Education Tax Breaks: Parents or Students?

March 30, 2018 / Jim Wang

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When it comes to education tax breaks, it’s important to carefully consider your options, and plan out who is going to take what tax break. This is an important distinction because it’s an either/or situation in terms of who gets...

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Education

Back to School Series: Money Lessons for College Freshmen

August 17, 2017 / Elle Martinez

Group of college students going down the stairs together.

The new year is here for college students! If you’re a freshman, getting adjusted to your new life may feel overwhelming. But with new beginnings come new opportunities, like getting smart about your finances now to build up your wealth in the...

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Education

Back-to-School: Education Tax Benefits to Offset Education Costs

August 10, 2017 January 17, 2019 / Jim Wang

College is expensive. With student loans rivaling mortgages, it’s easy to see why it’s a big subject of discussion. Tuition, fees, books, housing, food, and the costs of attending universities are on the rise. My own alma mater, Carnegie Mellon...

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Education

How Do Online Classes Affect My Taxes?

June 1, 2017 / TurboTaxLisa

Now that you’re in summer-time bliss on break from college you may be dreaming of sleeping in late for a few months until fall, but summer may be a great opportunity to get ahead and take a course or two....

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Education

5 Tips to Save for College Tuition

April 4, 2017 / Jim Wang

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College can be expensive: according to the College Board, a private four-year college costs an average of $32,410 a year. Four years comes out to nearly $130,000! While it’s hard to argue against the value of a college education, no...

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Education

Real Talk Series: My daughter needs to take out student loans. How will this affect our taxes?

March 24, 2017 August 25, 2017 / TurboTaxBlogTeam

Q: My daughter needs to take out student loans. How will this affect our taxes? A: First, congratulations on your daughter attending college! Although going to college is an exciting and unforgettable opportunity, we all know some of the challenges that...

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Education

Is This Tax Deductible? Student Loans

February 22, 2017 /

Congratulations, on almost completing another year of college! You’re almost in the home stretch and can look forward to sleeping in (well at least for a little while). Unfortunately, not far behind is the repayment of any student loans you...

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