Posts Tagged ‘Tuition and Fees Deduction allowance’
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]
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 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]
