Taxes for College Students
President Biden’s SAVE plan is not entirely tax free
The new income-driven repayment plan (IDR) proposed by President Joe Biden (known as the SAVE plan) may be able to forgive some student loans…
Is Student Loan Forgiveness Taxable? – Why your IRS federal tax returns hold the answer
What is the New Federal Student Loan Forgiveness Plan? As of August 24, 2022, the Biden Administration announced a three-part plan to cancel certain amounts…
How to File a Tax Return: Get Started Here
Time for a tax return to basics. Form 1040: How to File a Tax Return You have several options for filing your federal…
The American Opportunity Tax Credit (AOTC)
Offset the Costs of Higher Education by Reducing Your Income Tax The American Opportunity Tax Credit (AOTC) was originally introduced for tax years 2009 and…
Education Tax Credits for Back-to-School
Education tax breaks that can help save you money. If you pay for the cost of higher education for yourself, your spouse, or your…
Tax Benefits for Education (Part 2)
2021-2022 Federal Education Tax Breaks for College Savings Plans This article is second in a series titled “Tax Benefits for Education.” Read the first…
Claiming Personal and Dependent Exemptions
When preparing your Federal income tax return, there are two different types of exemptions that you may be allowed to claim: Personal exemptions for yourself…
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…
