Student loan interest deduction talks about an income tax deduction that gives borrowers the capacity to remove up to $2500 on the interest they paid on a student loan that qualifies...
Posted by Rosovich & Associates, Inc. on 12/27/2021
The late Jim Rohn, who spent several years as a sales specialist and motivational speaker, spoke about financial freedom in his podcasts. With his distinct voice, he emphasized the...
Posted by Abundant Wealth Planning LLC on 11/11/2021
Don't worry about gift tax if you've recently received a sizable gift from your mom and dad. The IRS generally holds the donor responsible for taxes. Except the person is donating...
Posted by Income Taxes and Bookkeeping LLC on 11/11/2021
Very few Americans, less than 35%, are aware of 529 college plans. Of this meager number of people, about 25% use the plans for higher education. Users might link tax-deferred savings...
Posted by Abundant Wealth Planning LLC on 10/24/2021
Many seniors use savings bonds for good reasons. However, they still provide an incredible way to help pay for the college expenses of a young person. Understanding College Savings...
Posted by Pat Raskob on 09/20/2021
Tax Deduction for Educator Expense The educator expense deduction is the primary tax break for teachers. Here are some criteria to qualify for this deduction in a year:You were...
Posted by Unifirst Financial & Tax Consultants on 08/30/2021
There are several college savings plans with 529 plans as one of them. It comes with a series of tax benefits and can allow you to build your kid's college funds with time. In...
Posted by Rosovich & Associates, Inc. on 06/18/2021
Can I use a 529 to pay off student loans? Yes!A 529 plan could be a great vehicle for financing education and can now be used strategically to pay off student loan debt, thanks to...
Posted by Unifirst Financial & Tax Consultants on 06/11/2021
Many people are less concerned about whether they owe gift taxes or not. A gift tax return is a Federal Government tax return often filed with certain terms and conditions by the gift's...
Posted by Rosovich & Associates, Inc. on 04/29/2021
