Every Friday evening, my husband’s college friends have a Zoom happy hour: it’s practicing social distancing and being social at the same time. The conversations
Read MoreTag: lifetime learning credit
2015 Tax Rates, Standard Deductions, Personal Exemptions, Credit Amounts & More
With tax season firmly behind us (er, for those of you who didn’t file for extension), now is a good time to take a look
Read MoreTaxes From A To Z (2015): N Is For Nonrefundable Tax Credits
It’s my annual “Taxes from A to Z” series! Next up: N is for nonrefundable tax credits A credit is a dollar for dollar reduction
Read MoreHundreds Of Thousands Of Taxpayers Thought To Be Impacted By Education Credit Snafu
Tax season is proving to be a major headache for taxpayers this season. And it looks like it’s not about to get better for hundreds
Read More11 Tax-Favored Valentine’s Day Gifts For 2013
“Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over Philadelphia.” – Judith Viorst, children’s author and tax activist
Read MoreIRS Announces Revised Filing Dates For Taxpayers Claiming Education Credits, Depreciation
The Internal Revenue Service continues to roll out processing for most federal income tax returns. The IRS announced this week that taxpayers can begin filing
Read MoreIRS Says Taxpayers Claiming Education Breaks Should Expect Delays
With just a few days left before tax season officially opens on January 30, the Internal Revenue Service has announced that there will be a
Read MoreTaxes From A To Z: T Is For Tuition & Fees Deduction
T is for Tuition and Fees Deduction. College can be expensive. Crazy expensive. I say this as a former student now repaying tons of student
Read MoreBack To School: Education Tax Credits
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
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Ask The Taxgirl: Bar Fees & Other Legal Career-Related Expenses
Taxpayer asks: As a newly minted lawyer that is now doing contract work, I was wondering if Bar exam prep classes are tax-deductible? Or any
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