Taxes and Education
Tax incentives to send your college graduate to grad school
These days it is more likely than not that your college graduate will be either unemployed or at least underemployed for at least a couple…
How to save on taxes when your college grad moves back home
Qualify for the dependent exemption and deduct $3,800 from your earnings The economy is better than it was, but not ideal, and the job…
Understanding the Coverdell education savings plan
In the race for class president, these days Coverdell ESAs are the runner-up next to the increasingly popular 529 plan. But the race for class…
Tax advantages of a 529 college-savings plan
Make the right investment decision to finance your children's higher education.Considering the rising cost of education, the earlier you start your college savings plan, the…
Should I use the Lifetime Learning Credit or an education deduction?
If you already have a college degree and want to continue your education, then you have a choice when it comes to the form of…
Will I be taxed for employer tuition assistance?
Employer tuition assistance (aka educational assistance) could be taxable. Check whether your employer's program counts as an exception. As the cost of education rises…
Educate yourself on college tax breaks
March is a gut-wrenching month for high school seniors waiting for college acceptances ... and for their parents awaiting financial aid awards. But another spring…
The rules on deducting student loan interest
You can claim up to $2,500 in interest paid on qualified student loans used to pay for college or vocational school. NEW YORK (MainStreet)…
