You can file a FAFSA, also known as a Free Application for Federal Student Aid, with no filing fee in certain government-recognized situations. We explain how you can still complete...
Posted by James Financial Services Inc on 04/17/2022
With the tax season just rounded up, everyone wants to know the magic trick to reduce their tax burden. But terms like credits, exemptions, and deductions often have a nebulous meaning...
Posted by Abundant Wealth Planning LLC on 11/04/2021
Unfortunately for guardians, moms and dads, you cannot deduct the fees for the ACT, SAT and several other entrance examinations for colleges. However, you get some educational tax...
Posted by Tiffany Gaskin on 08/30/2021
Taxation is never easy. And for many Americans, this year is even more difficult.There are many general challenges between the mid-season changes to the tax code, the various incentive...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/17/2021
It is safe to call form 1040, the mother of all tax forms, as it is the standard tax form that people will need to report their income to Uncle Sam. In addition, it also comes handy...
Posted by CORE PERFORMANCE on 05/24/2021
What is a dependent?A dependent is a qualified person other than the taxpayer or spouse, who gives the taxpayer the right to request a dependency exemption on their income tax return....
Posted by Income Taxes and Bookkeeping LLC on 02/10/2021
If you paid for college in the past year, you could claim the American Opportunity Credit or the Lifelong Learning Credit, or you can deduct tuition and fees. The American Opportunity...
Posted by Income Taxes and Bookkeeping LLC on 01/30/2021
Are you sure that you’ll collect your full refund this Tax year? Misfiling your taxes or not being aware of the opportunities available to you can result in a smaller refund...
Posted by Abundant Wealth Planning LLC on 10/29/2020
The tax credit for lifetime learning represents 20% of the first $ 10,000 of tuition fees paid per year, up to a maximum of $ 2,000. You must have at least $ 10,000 of eligible expenses...
Posted by James Financial Services Inc on 02/27/2020
