Paying for college can be expensive. Fortunately, there are a few tax breaks available to help offset those costs. Credits are great because they are dollar for dollar reductions in your taxes while deductions reduce your income subject to tax. Here’s what you need to know.
Read MoreDay: August 28, 2016
Back To School: Educational Assistance From Your Employer
To help defray the cost of education – and perhaps make you a more valuable employee – some employers offer to pay some costs of getting a degree, or simply taking credits, using an educational assistance program. Educational assistance programs are the equivalent of free money offered by employers and are considered fringe benefits to employees. Here’s what you need to know.
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Back To School: Deducting Student Loan Interest (Even When You Don't Pay It)
As the cost of a college education continues to climb, more and more students are taking on student debt. Collectively, as a country, we currently owe nearly $1.4 trillion in student loans. That balance is growing at a rate of $2,726.27 every second. Fortunately, there’s a tax break available to help ease some of the pain of paying it back.
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