The American Taxpayer Relief Act of 2012 Archives - FREE Yourself from IRS Problems

Shamsey Oloko March 17, 2017 American Opportunity Tax Credit, Education Tax Credit, Expenses Deductions, Lifetime Learning Credit, Lifetime Learning Tax Credit, Student Loans

Most Confusing Parts Of The Income Tax Code, Part 4: Education Tax Incentives

Many provisions of the Internal Revenue Code are complicated. Proper interpretation of the rules and regulations contained in these provisions requires the assistance of an experienced and knowledgeable tax professional. The fourth part of our series about the most confusing provisions…

Shamsey Oloko March 4, 2016 Education Tax Credit, Form 1098-T, Hope Credit, Lifetime Learning Tax Credit, Qualified Education Expenses, Tax Credit, The American Taxpayer Relief Act of 2012

Proving Education Tax Break Eligibility In 2016

The American Taxpayer Relief Act of 2012 extended the American Opportunity Tax Credit (AOTC) through December 31, 2017. This tax credit assists with the cost of higher education expenses such as tuition, course materials and other certain eligible fees for…

Shamsey Oloko March 3, 2016 Charitable Contributions, Deductions, Expenses Deductions, Local Income Tax, Mortgage Insurance Premiums, State Sales Tax, Tax Cuts for America Act of 2015, The American Taxpayer Relief Act of 2012, The Tax Relief Extension Act of 2015

Congress’ Extension Of Expired Deductions

As 2016 starts to move forward, Congress seems especially less likely to agree on legislation extending all the tax breaks that have currently expired. S. 1946, Tax Relief Extension Act of 2015, generally provides for a two-year extension while the…