Resources

27
Jan
How Long Do You Need to Keep Tax Records?

According to the IRS, it's recommended that you keep tax records for at least three years. In some cases, you should keep them indefinitely.

Posted in: Resources, Taxes,
03
Jan
Student Loan Interest Deduction on Your Taxes

After the outcry from students, colleges, and universities at the end of 2017, the final version of the Tax Cuts and Jobs Act preserved the student loan interest tax deduction. Although the tax deduction won’t significantly reduce the overall cost of borrowing, every bit helps.

Posted in: Resources, Student Loans, Taxes,
20
Jun
Education Tax Credits & Deductions

You may be eligible for educational deductions and tax credits when paying qualified educational expenses – but you’ll have to meet eligibility requirements. This article explains education credits and deductions to help you figure out whether you qualify.

Posted in: Resources, Student Loans, Taxes,
20
Oct
How Accurate is the IRS Tax Refund Tracker?

The IRS Tax Refund Tracker is typically pretty accurate, however, if you have a more complicated situation than normal, you may receive your return later than it says.

Posted in: Resources, Taxes,
16
Oct
1099-C Explained: Avoid Taxes on Canceled Debt

While no longer owing a debt is nice, the 1099-C that accompanies a cancellation can come as an alarming surprise. The good news is that many debtors released from a debt obligation may qualify for an exclusion from gross income or an exception.

Posted in: Resources, Taxes,