Frequently Asked Questions about Educational Assistance Programs

This article was published by the IRS. This fact sheet provides answers to frequently asked questions (FAQs) related to educational assistance programs under section 127 of the Internal Revenue Code (Code) (a section 127 educational assistance program). These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. Accordingly, [...]

Know What’s Deductible after Buying that First Home, Sweet Home

This article was published by the IRS. Making the dream of owning a home a reality is a big step for many people. Whether a fixer-upper or dream home, homeownership is a milestone that can come with a learning curve. First-time homeowners should make themselves familiar with authorized deductions, programs that can assist with home ownership [...]

Help Wanted? Businesses That are Hiring Should Know about the Work Opportunity Tax Credit

This article was published by the IRS. Businesses hanging up their Help Wanted signs should be sure to check out the work opportunity tax credit. This credit encourages employers to hire workers certified as members of any of ten targeted groups facing barriers to employment. The credit has been extended through the end of 2025. The [...]

Pop Quiz! Do You Qualify for an Education Tax Credit?

Class is in session! It's time to learn how education tax credits can help pay for higher education. Visit for more information. There are two education tax credits that can help offset the cost of higher education: the American Opportunity Tax Credit and the Lifetime Learning Credit. These can help if you're heading to college, [...]

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