Understanding Your Forms: 1098-E, Student Loan Interest Statement
Here’s what you should know about the form 1098-E, Student Loan Interest Statement.
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Back To School 2014: Medical Expenses & Health Savings Accounts
(UPDATE: The giveaway is now closed. We have our winner! See the comments for more info.) Earlier, I outlined the benefits of the popular Flexible Spending Account (FSA). An FSA allows you to take advantage of pre-tax dollars contributed by you and/or your employer to pay medical costs. If you have a high-deductible health insurance…
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Back To School 2014: Paying For School With Your IRA
An Individual Retirement Account (IRA) is a popular way to save for retirement – and get a federal income tax advantage. Generally, you can take a deduction when you make a contribution to a traditional IRA (assuming you meet the criteria) and the account grows, tax-deferred while you work. You’re not taxed on the income…
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Back To School 2014: Educational Assistance Benefits
(UPDATE: The giveaway is now closed. We have our winner! See the comments for more info.) It’s not just the folks at Facebook and Google that get tax-free perks as employment benefits: many employers offer a wide range of tax-free perks, including educational assistance benefits. Under current law, employees can exclude from income up to…
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Back To School 2014: Gyms, Weight Loss Programs & Tax Deductibility
(UPDATE: The giveaway is now closed. We have our winner! See the comments for more info.) It’s no secret that the first year in college often leads to the “freshman fifteen” – an extra fifteen pounds (or more) – that you pack on when mom is no longer pushing the green veggies and it’s more…
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Back To School 2014: Internships
(UPDATE: The giveaway is now closed. We have our winner! See the comments for more info.) In this economy, every advantage in the job market counts. One of the best opportunities that you can have as a student is to participate in an internship. An internship offers on-the-job training in the field of your choice….
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Back To School 2014: Working For Tips
(UPDATE: The giveaway is now closed. We have our winner! See the comments for more info.) Most students work some kind of part-time job to get them through school. I’m no exception. I started baby-sitting when I was 13 and then did stints in various odd jobs including retail (my favorite ever retail gig was…
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Back To School 2014: Moving Expenses
(UPDATE: The giveaway is now closed. We have our winner! See the comments for more info.) Hands down, one of the most exciting parts of going away to college is moving into your own space. As much as you know you’re going to miss mom’s cooking – and heck, even sharing a small bathroom with…
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Back To School 2014: Deducting Student Loan Interest (Even If You Don’t Pay It)
(UPDATE: The giveaway is now closed. We have our winner! See the comments for more info.) College students depend on their parents for a lot of things. But two that are at the top of the list? Laundry and money. Trust me on this one: as a college student, I piled my old Buick full…
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Back To School 2014: Childcare Expenses
(UPDATE: The giveaway is now closed. We have our winners! See the comments for more info.) Last night, I had the challenge of being three places at one time. I had to figure out how to get my son to soccer practice, myself to Back To School night for my daughter’s middle school, and be…