College

4 Main Scholarship Search Sites For Selected Minority Students

The cost of going to college has been rising throughout the years and it is becoming less affordable for a lot of families. Most college students use some sort of financial aid to help pay for the costs of college such as student loans, grants, scholarships, IRA accounts, and other educational tax savings programs. Among […]

American Opportunity Credit: Why It’s Called The Expanded Hope Credit

See why the American Opportunity Credit is called the expanded Hope Credit. A quick comparison between the American Opportunity Credit and Hope Credit and see why the American Opportunity Credit is a much better credit when claiming an educational credit on your tax return.

5 Education Tax Credits and Deductions You Don’t Want To Miss in 2010

Education is very important for families because it provides unlimited opportunities for individuals who have one. The government knows this so as much as possible they would like to help by providing numerous education tax credits and deductions to both the people who are pursuing it and for the people that are teaching or providing […]

7 Income People Think Are Taxable But Actually Are Not

Taxes are really very confusing. There are some deductions that people think they can claim but in reality, they can’t. I’m sure that you’ve been hearing different stories from your friends or co-workers regarding the deductibility of some deductions. It works the same way with reportable income: Determining which income is taxable or not can really […]

Tuition And Fees Deduction: When To Use This Tax Relief?

The Tuition and Fees Deduction is an educational tax relief that can help you alleviate the cost of education in the United States. Discusses why you would need to consider this instead of a credit, the various test that you need to pass before you can claim this deduction, what expenses qualify, what expenses do not qualify, who is eligible, and how much expenses you can deduct.

Understanding the Lifetime Learning Credit

The Lifetime Learning Credit is an educational tax credit that can help alleviate the cost of education in the United States. Discusses the various test that you need to pass before you can claim this credit, what expenses qualify, what expenses do not qualify, who is eligible, and how to calculate the credit.

Understanding the American Opportunity Credit

The American Opportunity credit is a new educational credit in order to help alleviate the cost of education in the United States. Discusses the various test that you need to pass before you can claim this credit, what expenses qualify, what expenses do not qualify, who is eligible, and how to calculate the credit.

Hope Credit: Who can still use this educational tax credit?

With the introduction of the American Opportunity Credit, the Hope credit faded away since it offers less benefit. However, the Hope Credit yields a higher benefit if you are part of this group. The article also discusses the test that you need to meet to qualify, what expenses you can deduct, what you can’t deduct and how to calculate the credit.