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 ...

He also tried to purchase the Dallas Cowboys franchise around the same time but reportedly declined just before he purchased ...

College-savings accounts currently hold about $500 billion, and savers may soon be able to use these funds for much more than college. Little-noticed provisions in the massive tax-and-spending bill ...

The House bill would increase the child tax credit to $2,500 per eligible child from 2025 through 2028, among other changes.

If you’re considering setting up a 529 tax plan for your child, the good news is that it will help pay for school, but the bad news is that it’s not directly deductible.

College tuition is not currently tax deductible under federal law, but you may still qualify for credits that reduce your tax bill. In the past, you could deduct college expenses using the Tuition ...

College students could benefit from filing a tax return. Here's what you need to know. Whether it’s a summer job or a full-time position, some students may have to file an income tax return ...

More recently, Cambridge, New York, painter and Hunter College art professor Susan Crile successfully challenged an IRS auditor’s rejection of her claimed deductions on her tax returns for art ...

College isn’t cheap. However, depending on your situation, you might be eligible to deduct all or a portion of tuition costs when you file your taxes. But, because the tax code contains multiple ...

Tax Credits for Tuition and Education Expenses In the past, you could deduct college expenses using the Tuition and Fees Deduction. But this deduction was phased out in 2020, and instead there are ...

College isn’t cheap. However, depending on your situation, you might be eligible to deduct all or a portion of tuition costs when you file your taxes. But, because the tax code contains multiple ...

The maximum employer deduction for employee education expenses is $5,250 as of 2021. Employees can deduct some or all of this amount from their personal taxes if they qualify for specific ...