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Education

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…


Tax Deductions for Student Loan Interest

Federal Tax Break for Interest Paid on a Qualified Student Loan The Student Loan Interest Deduction is an education tax benefit that allows taxpayers to…


Taxes & Education

Offset the Cost of Education By Claiming These Tax Breaks on Your 1040 Return Everyone knows that education costs money and tuition is expensive. However,…


Cryptocurrency Taxes

 When you hear cryptocurrency, your mind may automatically jump to big names like Bitcoin and Ethereum. What you may not think of is taxes.…


Education Tax Breaks for Your Federal Return

Lower Your Tax Bill By Claiming Tax Credits & Deductions for Education Expenses   If you, your spouse, or dependent child pursued a higher education,…


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…