Education has become less affordable in recent years, leading many to take out student loans. Unfortunately, new borrowers often find it challenging to navigate the
Read MoreTag: student loan interest
Back To School Myths: The Student Loan Interest Deduction Is Gone
As students from elementary age to grad level across the country head back to school this month, parents are grappling with how to pay tuition,
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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.
Read MoreUnderstanding Your Forms: 1098-E, Student Loan Interest Statement
Here’s what you should know about the form 1098-E, Student Loan Interest Statement.
Read MoreBack 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
Read MoreBack To School: Deducting Interest Paid On Student Loans (Even If You Don’t Pay The Loans)
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: what about all that student loan debt? Can you get a tax break for paying it down?
Read MoreCongress Attempts To Sneak Tax Increase Into Student Loan Bill
Whew, S corporation shareholders… You dodged a bullet last week when the bill to raise your taxes was voted down. You mean you didn’t know
Read MoreWhy Does Congress Love Houses More Than Students?
Yesterday was Career Day at my kids’ school. So, around 9:00 a.m., I found myself standing in front of a room full of kids, touting
Read More9 Tax Tips For Back To School
My kids are still trying their best to soak up the last few days of summer. Lucky for them, school won’t start until after Labor
Read MoreAsk The Taxgirl: Deducting College Expenses
Taxpayer asks: I am retired and my wife and I support a son in college. We send him $2000/mo for room and board and I
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