Category Archives for "Income"

Back to School Tax Credits

Are you, your spouse or dependent heading off to college?  If so, some of the costs you pay for higher education can save you money at tax time. Following are several important facts you should know about education tax credits:  American Opportunity Tax Credit  The AOTC can be up to $2,500 annually for an eligible […]

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Seven Tips About Rental Income and Expenses

Do you rent property to others? If so, you’ll want to read the following seven tips from the IRS about rental income and expenses. You generally must include in your gross income all amounts you receive as rent. Rental income is any payment you receive for the use of or occupation of property. Expenses of […]

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