Education Tax Credits and Deductions

Tax Planning

Financial Planning Month: Tax Edition

October 1, 2019 / Ginita Wall, CPA, CFP®

The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes (filed in 2020) and 2018 taxes, which should be filed by the April 15th, 2019 (or October 15th, 2019 with...

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Education

7 Unexpected College Expenses to Factor Into Your Budget

September 6, 2019 September 25, 2019 / TurboTaxBlogTeam

So, you’re getting ready to head to college for the very first time. First of all, congratulations! Graduating high school and taking the step to go to college is a huge accomplishment, and you should be very proud of yourself....

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Education

Is My Student Loan Tax Deductible?

August 1, 2019 August 5, 2019 / asbbaines

Student loans have become a tremendous burden. Even though you can’t escape the payments, are there any tax breaks for student loans? Luckily, taxpayers who make student loan payments on a qualified student loan may get a little relief.

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Tax Planning

What Your Scholarships and Grants Mean for Your Taxes?

July 22, 2019 August 14, 2019 / Jim Wang

College can be very expensive and many students rely on scholarships and grants to help lower the cost of higher education. When I attended Carnegie Mellon University, I had the help of need-based grants and a handful of merit-based scholarships....

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Education

Intuit TurboTax Preps You For Post-Grad Life With These 5 Financial Tips

April 29, 2019 July 23, 2019 / TurboTaxBlogTeam

Congratulations, Class of 2019 — you did it! While graduation is a major milestone that should be celebrated, it is also a time to prepare, both mentally and financially, for your shift into the “real world.” As you transition into...

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Tax Deductions and Credits

Multigenerational Families: Top Family Tax Deductions and Credits You Should Not Miss

March 4, 2019 July 23, 2019 / Elle Martinez

The article below is accurate for your 2018 taxes, the ones that you file this year by the April 2019 deadline. This post can be found en Español here. For practical, cultural, and personal reasons, more families are living in...

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Education

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

September 18, 2018 July 24, 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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Tax Deductions and Credits

5 Tax Breaks for Teachers on World Teachers’ Day

October 5, 2017 June 5, 2019 / Elle Martinez

Happy World Teachers’ Day! While our little girl is enjoying her first big school break (she’s in year-round), many families are just starting their school year. Plenty of teachers are back to work, giving their best to their students and...

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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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Tax Planning

Studying Abroad This Fall? Make Sure You Know These Tax Implications

July 22, 2017 / Ginita Wall, CPA, CFP®

If you are planning to study abroad this fall, you have a year of wonderful experiences and adventures ahead of you, and hopefully a little studying in as well. Many students also will be earning a stipend or have employment...

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