American Opportunity Tax Credit

Tax Reform

6 Life Changing Events and Their Tax Implications

December 12, 2019 / Ginita Wall, CPA, CFP®

The article below is up to date based on the latest tax laws. People can experience life-changing transitions over the course of just one year. These changes may include having a baby, securing a new job, moving to a new...

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Education

Who Should Take Education Tax Breaks: Parents or Students?

March 30, 2018 March 5, 2020 / Jim Wang

When it comes to education tax breaks, it’s important to carefully consider your options, and decide who is going to take what tax break. Parents have to communicate with their kids since the education tax breaks are only allowed to be claimed on either one of your tax returns and not both.

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Education

Back to School Series: Money Lessons for College Freshmen

August 17, 2017 July 18, 2019 / Elle Martinez

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 July 18, 2019 / Jim Wang

College is expensive. If you are looking for a way to offset some of your education costs, the government offers some tax credits and deductions designed to help students and their parents.

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Education

How Do Online Classes Affect My Taxes?

June 1, 2017 June 5, 2019 / 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

Going Back to School After 40: Know The Tax Benefits

September 21, 2016 July 18, 2019 / Elle Martinez

Going back to school, whether to start a degree, finish up one from years ago, or pursue an advanced degree can be both rewarding and stressful. Working on papers, handling work assignments, and/or taking care of family can be a...

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Education

Cashing in Your 529 Plan to Send Your Kids to College

July 18, 2016 June 10, 2019 / Ginita Wall, CPA, CFP®

You’ve been saving money for college since junior was a baby, and now he’s going off to college. That’s wonderful, but before you withdraw funds from your 529 plan to pay college expenses, there are a few things you should...

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Education

TurboTax Education Credits and Deductions Calculator

April 14, 2016 January 14, 2019 / asbbaines

With the cost of education on the rise, you’ll be glad to know that education credits and deductions may help offset some of that cost. Whether you’re a student or parent of a student, with this calculator, you’ll be able...

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Education

Education Tax Deductions and Credits to Maximize Your Tax Refund

April 14, 2016 June 10, 2019 / Ginita Wall, CPA, CFP®

The cost of education keeps going up, with no end in sight. If you are caught in that vortex, you’ll be happy to know that there are education tax deductions and credits that can help offset the costs of education.

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Education

Is This Deductible? Going Back to School

August 20, 2015 July 18, 2019 / Philip Taylor

So you’ve made the decision to go back to school, and now you’ve got to figure out the finances. Time to find out what’s tax deductible and what kinds of tax benefits are available to you. No need to panic,...

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