Whoops. The folks in Harrisburg are calling it an honest mistake but taxpayers aren’t buying it. They approved a property-tax increase that was higher than allowed by a 2006 law aimed at cutting homeowners’ property taxes. The state Education Department has ordered the district to return about $60,000 in excess taxes which were paid under…
Remember that Staples ad where the parent runs down the aisle tossing school supplies into the cart while “It’s the Most Wonderful Time of the Year” plays in the background. That’s how I feel about this time of year. As the parent of three children, I love back to school. I crave the sense of…
Monday marks the official “back to school” date of many schools here in the US. My oldest daughter started last Tuesday and my youngest daughter starts on Monday. It is a busy time. Around this time, there are a lot of questions that come up about tax deductions for tuition, 529 plans, teacher expenses, education…
I recently received an inquiry from a college professor who had questions about how to report deductions on her person income tax return. As part of a “back to school” series debuting in a few weeks, please send your teaching/education related questions to me. I’m seeking questions about tuition, deductions, income, scholarships, grants and more…
The next installment for my daughter’s private school tuition is due in about a month. We pay approximately $10,000 per year. It sounds steep, sure, but we are also the recipient of fairly low real estate taxes in Philadelphia. My friends across the river pay about $5,000 to 7,000 more in real estate taxes than…