Category Archives: Tax Credits

IRS Reminds Parents, Students to Explore Education Resources on IRS.gov

The following article was published by the IRS. The Internal Revenue Service today reminded parents and students that there are many tax benefits available to them, and the easiest way to learn more about them is through the education resources … Continue reading

Posted in American Opportunity, Education, Lifetime Learning, Personal Finance, Personal Taxes, Planning Strategies | Tagged , , , ,

Reduce Certain Summertime Costs with the Child and Dependent Care Tax Credit

The following article was published by the IRS. Many parents send their children to summer day camps while they work or look for work. The IRS urges those who do to save their paperwork for the Child and Dependent Care … Continue reading

Posted in Child & Dependent Care Credit, IRS, Personal Finance, Personal Taxes, Planning Strategies, Tax Tips | Tagged , , , ,

Top 7 Benefits of 529 Plans

There are many benefit to 529 College Plans. These college savings vehicles offer excellent benefits for anyone looking to save money for college. Here are 7 reasons to open an account if you haven’t already: Federal Tax Benefits. While you don’t … Continue reading

Posted in Government, Personal Finance, Planning Strategies, Tax Credits, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , , ,

Work Opportunity Tax Credit can Help Employers Hiring New Workers; Key Certification Requirement Applies

The following article was published by the IRS. The Internal Revenue Service today reminded employers planning to hire new workers that there’s a valuable tax credit available to those who hire long-term unemployment recipients and others certified by their state … Continue reading

Posted in IRS, Planning Strategies, Self-Employed, Tax Credits, U.S. Small Business Administration | Tagged , , ,

Deductions You Probably Missed

Taxpayers, especially those who wait until the last minute to file, will often miss a handful of tax deductions that could have put more of their hard-earned money back in their pocket. These deductions are in most cases ones that would … Continue reading

Posted in Child & Dependent Care Credit, E-file, IRS, Personal Finance, Planning Strategies, Tax Credits, Tax Deductions, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , , , , , , , ,

Avoid the Rush: Be Prepared to Validate Identity if Calling the IRS

The following article was published by the IRS. The Internal Revenue Service said mid-February marks the agency’s busiest time of the year for telephone calls. The IRS is reminding taxpayers who have questions about their tax accounts to be prepared … Continue reading

Posted in EITC, IRS, Personal Finance, Planning Strategies, Social Security, Taxes | Tagged , , ,

Working Grandparents May Be Eligible for EITC

The following article was published by the IRS. The Internal Revenue Service wants working grandparents raising grandchildren to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify. The EITC is a federal income … Continue reading

Posted in Accounting, EITC, Personal Taxes, Planning Strategies, Tax Deductions, Tax Tips, Year End | Tagged , , , , ,