Tuition and Fees Deduction
Those facing skyrocketing college tuition bills will want to learn as much as possible about how the tuition and fee deduction can lower their tax bills.
Deductions
5 Things You Didn’t Know Were Tax Deductions
You might have tax deductions hiding in babysitter payments and those extra supplies you bought for the classroom last year.
Tax Deductions vs. Tax Credits
Both tax deductions and credits help reduce your income tax liability but in different ways and for different reasons.