Posts Tagged ‘American Opportunity Tax Credit’
1099 Reporting for Business and Rental Owners Repealed!
The House, Senate and the President signed a law on April 14, 2011 that repeals the expanded “1099” reporting requirement for business and rental owners. The repealed law signed in under the Affordable Care Act removed the requirement for business and rental owners of [Read More]
Tax Deadlines…A Few Reminders
Tis the season of taxes and deadlines. Since this week’s blog post marks the end of the 2010 Tax Season, I wanted to go over the deadlines and give a few helpful reminders for the folks that are still rounding up their tax documents and scrambling to get their taxes [Read More]
Master of the Universe: New Court Ruling Allows Tuition Deduction for MBA
If you’ve been toying with the idea of going for your Masters, I’ve got some good news for you especially if you’re a higher earning taxpayer that is having your Lifetime Learning Credit and the Tuition Deduction phased out. [Read More]
Federal Tax Incentives for Continuing Education (Part 4 of 4): Student Loan Interest Deduction
So far we’ve discussed the American Opportunity Tax Credit (modified Hope Credit), the Lifetime Learning Credit and even Tuition & Fee Deductions. Today though, we’re going to cover the last in our 4 part series on education tax incentives—Student Loan Interest [Read More]
Federal Tax Incentives for Continuing Education (Part 3 of 4): Tuition and Fees Deduction
While we’ve been talking about the Lifetime Learning Credit and the American Opportunity Credit (Hope Credit, modified for 2009-10), I would be remiss to leave out other options for taxpayers who may not qualify for either credit. If you don’t qualify for anything else, [Read More]
Federal Tax Incentives for Continuing Education (Part 2 of 4): Lifetime Learning Credit
Last week we discussed the benefits of the American Opportunity Tax Credit (or modified Hope Credit, this week we are going to take a look at the Lifetime Learning Credit. This federal tax credit will probably apply to a larger number of individuals as it is much more [Read More]
Federal Tax Incentives for Continuing Education (Part 1 of 4): American Opportunity Tax Credit
For many American’s, the ideal of living in the “Land of Opportunity” seems to be quickly fading into nothing more than a distant memory. It’s unfortunate that the turn of our economy has dimmed the hopes of so many, but there is still opportunity to be had. It is [Read More]
Think Continuing College Education Is Out Of Reach? US Government Says, We’ll Pay You! (American Opportunity Tax Credit)
The workforce is in transition right now and there is a growing number of Americans returning to college to either update their degrees or get a college education for a totally new career. The reality of paying for tuition, books and other college related expenses on top of [Read More]
