Posts Tagged ‘tax credit’
5 Most Overlooked Tax Credits
Taxes, we do our best to make sure that we collect our statements in the mail and put them in a safe place. We check the statements twice sometimes against a tax checklist or organizer to make sure that we have them all. We double check with our significant other to make [Read More]
Tax cuts to soothe the angry mob: quick fix or good planning?
In December we went through a brief overview of the Tax Relief, Unemployment Insurance Re-Authorization and Job Creation Act of 2010. Now that the dust has settled and the bill is in place, we are going to spend a few weeks dissecting it in more detail. Today we are going [Read More]
IRS News: Some Taxpayers Will Have to Wait to File Their Taxes
As a result of the December 17, 2010 tax law changes, the Internal Revenue Service announced on December 23, 2010 that the upcoming tax season will start on time for most people, but taxpayers affected by three recently reinstated deductions need to wait until mid- to late [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]
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]
Federal Home Buyer Tax Credit Upgrade Documentation
I suppose everyone in America has heard something concerning the Home Buyer tax credit by now. However, hearing about any new tax laws does not generally translate into understanding it. Well…Surprise!! Congress is not known for writing tax (or any) laws in a [Read More]
Making Work Pay Tax Credit
Yes, we are back, rested and ready to hit the road running after a little break over the Holiday season! To start off the new 2010 tax year, I wanted to cover a topic that will affect most taxpayers in a positive way , the “Making Work Pay Tax Credit”. This tax credit [Read More]
