So who didn’t see this coming? With the ink barely dry on California’s internet sales tax deal with Amazon, other states are chatting up a similar idea. Even states that were willing to sit this one out – like Florida – are beginning to talk. An Op-Ed in The Ledger is suggesting that California’s coup may…
You may be able to deduct qualified tuition and related expenses that you pay for yourself, your spouse, or a dependent, as a tuition and fees deduction. The deduction can reduce the amount of your income subject to tax by up to $4,000 so long as your modified adjusted gross income (MAGI) is not more…
Education tax credits can help offset the costs of paying for your education or costs you pay for an eligible student who is your spouse or a dependent you claim on your tax return. For 2011, the American Opportunity Credit and the Lifetime Learning Credit are available to qualified taxpayers who pay expenses for eligible…
