Are you going to school this fall to earn an advanced degree or to brush up on your work skills? If so, you might be able to deduct what you pay for tuition, books, and other supplies.   If you’re self-employed or working for someone else, you may be able to claim a deduction for out-of-pocket educational costs if the...

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As everyone knows, the cost of higher education rises each year. While many of us are already familiar with 529 plans and education IRAs, many don’t realize that contributions to these plans do not generate any tax deduction for the donor. A technique used by some businesses and self employed individuals is to employ their children in the business. That...

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As everyone knows, the cost of higher education goes up each year. While many of us are already familiar with 529 plans and education IRAs, many don’t realize that contributions to these plans, do not generate any tax deduction for the don…or. One way used by some businesses and self employed individuals is to employ their children in the business,...

Read More...