When tax season rolls around, parents of college students often wonder: Can I claim my child as a dependent even if the spouse pays tuition fees? The short answer is yes, you can, but it depends on ...

Even if you plan to cover tuition out of pocket, it often makes sense to contribute to a 529 plan. These accounts offer tax-free growth and withdrawals for qualified education expenses. In some states ...

Higher education officials and advocates warn the proposed changes to the federal Pell Grant program would have a negative ...

The property tax deduction is great for homeowners. Here's how it works in 2024 and 2025 and what you can do to save money.

The interest you pay on a business loan is tax-deductible if you meet specific criteria defined by the IRS. Here's what you need to know about these criteria.

Tax deductions are subtracted from your taxable income, thereby lowering the amount of tax you owe. You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or ...

If you have a spare bedroom in your home, the Government’s rent-a-room scheme could be an extremely tax-efficient way to ...

Republicans' proposed tax cut extension would saddle future generations with debt while gutting social programs and primarily ...

Lawmakers made a tax credit for property taxes paid to K-12 schools automatic, but taxpayers still need to complete a form to receive credits for taxes paid to community colleges.

AI is changing how Australians do their taxes, but experts warn it could backfire if overused. Convenience comes with risk, especially if you're ...