college »
Taxation of Scholarships and Grants
Top Takeaways 1: Scholarships and Grants are generally not included as income In general, scholarships and other educational awards do not need to be included in your gross income if you are a candidate
Read More »
An Overview of 529 College Savings Plans
A 529 plan, also known as a qualified tuition plan, is an education savings plan that is operated by either a state or an eligible educational institution. The purpose of 529 plans is to
Read More »
Tuition and Educational Fees Tax Deduction
Top Takeaways 1: Tuition fees must have been paid for yourself, your spouse, or your dependent To deduct tuition and fees the expenses must have been paid during the year for yourself, your spouse,
Read More »
Hope Scholarship and American Opportunity Credit
Top 3 Takeaways 1: American Opportunity Credit Extends the Hope Scholarship Credit The American Opportunity Credit isn’t truly a third educational credit; instead it simply modifies the Hope Scholarship Credits available. The credit makes
Read More »
