Uncle Sam May Provide Relief From College Costs On Your Tax Return
We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state
We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state
As teachers head back for a new school year, they often pay for various expenses for which they do not receive reimbursement. Fortunately, they may be able to deduct them
If you are self-employed and do not have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2019. Keep in mind that this list is not all-inclusive, so there
If you are like many people, you have worked hard to accumulate a large nest egg in your traditional IRA (including a Simplified Employee Pension-IRA). It is even more critical
Years ago, Congress enacted the ‘kiddie tax’ rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. And
If you are lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, however, be ready to deal with the tax consequences of your good
If you are a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount
There is good news about the Section 179 (Sec. 179) depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate
You may have heard of the ‘nanny tax,’ but even if you do not employ a nanny, it may apply to you. Hiring a housekeeper, gardener, or other household employee