Class is in session! It's time to learn how education tax credits can help pay for higher education. 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, getting specialized job training, or [...]
If you want to speak to someone face to face at the IRS, just go to IRS.gov/appointment, then click "find a taxpayer assistance center office." Enter your zip code, and then select what mileage radius you want to search within. Click the "Local Services" link to see if that particular branch has the services you need. [...]
Filing your tax return and paying what you owe on time is always best. But if you can't pay in full, you still need to file on time and pay what you can. In most cases, you have options for how to make your payments. You can pay by direct debit from your bank account, or [...]
This article was published by the IRS. As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they'll be able to deduct up to $300 of out-of-pocket classroom expenses for 2023 when they file their federal income tax return next year. This is the same limit that applied in 2022, [...]
This article was published by the IRS. The work opportunity tax credit is a federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. This credit is available for wages paid to certain individuals who begin work on or before December 31, 2025. Here's more [...]
