Reports on plans of the United States Internal Revenue Service (IRS) to not require colleges to collect Social Security (SS) numbers of taxpayers who claim students as dependents on federal tax forms. Opinion that the collection would be costly and intrusive; Use of SS numbers to monitor ...
21, 2024. It's been a fun run for college football fans and for those who bet on the games thanks to the Supreme Court's 2018 ruling that allowed states to accept legal sports wagers, including on college competitions. If you're one of those gamblers and your game picks pay off, ...
To be able to claim the American Opportunity Tax Credit or the Lifetime Learning Credit (LLC), you must have received the Form 1098-T, Tuition Statement, for you or your dependent from aneither in the U.S. or abroad - see details on. You or your dependent should typically receive the...
The updated Child Tax Credit was passed into law back in March, as part of the American Rescue Plan. At that time, the program was scheduled to start four months later. The buffer was put in place to allow the IRS to move past tax season. But the agency is still processing upwards of...
A few weeks ago, we posted a video on tax deductions for college students and in the comments we got a lot of questions about the 1098-T and how you use the 1098-T to calculate your tax credit. So this video is a follow-up to that video. So, if you haven’t seen that video,...
A 529 plan is a great way to grow college savings tax-free and hand them on to another generation. But tax-free growth doesn't mean the IRS is left out entirely. Whenever you take a distribution from that plan to pay for a student's expenses, you'll receive a1099-Q form to report...
HEY, COLLEGE STUDENTS! ENROLL AND DOWNLOAD YOUR 1098-T IRS FORM. > > TO STUDENT ENROLLMENT PAGE For help enrolling and downloading your 1098-T form, click the link below for detailed instructions. >> TO INSTRUCTIONS PAGE THE AMERICAN OPPORTUNITY TAX CREDIT ALLOWS TAXPAYERS TO REDUCE THEIR FEDER...
Students often find themselves with less-than-perfect credit as they learn how to manage their money, but it doesn’t have to damage your financial future. Your credit score is your financial history encapsulated in one three-digit [...] Should I Get a Credit Card in College? For many pe...
Gallery Credit: Piggie Prairie View Wikipedia Prairie View Prairie View Texas home of Prairie View A&M may be a college town, but many residents have struggled financially in recent years. (Though you could argue the students do too, given today's costs of higher education.) ...
IRS announced today that eligible Wyoming taxpayers can now use a new service that provides taxpayers with the choice to electronically file their federal tax