Tax Deductions & Credits

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Returning To School After Heart Or Heart

Returning To School After Heart Or Heart

Tim Detrick, 42, was laid off from his factory job after nine years and enrolled in a two-year heating and air-conditioning program at NIACC. Going back to school was hard, he says, but he made the honor roll every semester and now has a full-time job at a Mason City company. Career College Central vows to be the ADVOCATE our students, ...

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The Retirement Savings Contribution Tax Credit

The Retirement Savings Contribution Tax Credit

Again, when you use TurboTax to complete your tax return, we’ll fill in all the right forms for you. Your Adjusted Gross Income must fall below the income limits for your filing status. For 2020, single filers with an AGI of $32,500 or more, head of household filers with AGI of $48,750 or more and joint filers with an AGI of $65,000 or ...

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Residential

Residential

A little research can yield some big savings, both when making a purchase and on your energy bill for years to come. Here at Energy Saver, we often get questions about what kind of financial assistance is available to make energy efficient purchases more affordable. There are many different types of energy incentives and understanding each ...

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Deduction Of Higher Ed Expensess

Deduction Of Higher Ed Expensess

Shows whether your institution changed its method of reporting for 2011. It has changed its method of reporting if the method used for 2011 is different than the reporting method used for 2010. You should be aware of this change in figuring your education credits. The credits are allowable only for amounts actually paid during the year and ...

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Turbotax Reviews

Turbotax Reviews

A look at the costs, advantages, and disadvantages of hiring a tax pro. H&R Block is not as easy to use as our top pick, but it lets you claim the college tuition and student loan interest deductions for free. With a CPA, you must bring everything to them to get your taxes started. You can use it to fill out your state and federal income ...

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Understanding Taxes On Life Insurance Premiums

Understanding Taxes On Life Insurance Premiums

When an employer provides life insurance as part of an overall compensation package, the IRS considers it income, which means the employee is subject to taxes. However, these taxes only apply when the employer pays for more than $50,000 in life insurance coverage. Even in those cases, the premium cost for the first $50,000 in coverage is ...

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