Education tax credits can help with rising cost of college
A new school year has begun, which makes it a good time to think about how you may be able to save some money by taking advantage of some available tax credits. It’s no secret that cost of higher education is climbing ever higher. According to the College Board, the average cost of tuition and […]
Families with college students may save tax on their 2017 returns with one of these breaks
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had expired Dec. 31, 2016, was just extended under the recently passed Bipartisan Budget Act of 2018: the tuition and fees […]
Tax reform: Here’s how you are affected
Congress passed the “Tax Cuts and Jobs Act” on Dec. 21, 2017. Many of the provisions in the Act begin after Dec. 31, 2017, and expire by Jan. 1, 2026. There is a lot to digest and we will have continuing communication with you to more fully explain these changes to the tax law, how […]
Six things to remember when donating to charity
Whether it’s sponsoring an event, contributing to a worthy organization or donating items to a charity, many people give throughout the year. But, there are several things to remember when it comes to tax time. First, in order to claim a charitable deduction on your tax return, you must do two things: Have a bank […]
