As the economic impact of COVID-19 lingers and an impending second wave is on everyone’s mind, Congress is already thinking of new legislation to stimulate the economy.
The lifetime learning credit (LLC) is a provision of the U.S. federal income tax code that lets parents and students lower their tax liability by up to $2,000 to help offset higher education expenses. In this article, learn more about how the lifetime cre
An endowment is a donation of money or property to a non-profit organization, which uses the resulting investment income for a specific purpose. In this article, learn about how does university endowments work.
A 529 plan is a tax-advantaged savings plan designed to help pay for education. In this article, learn more about major types of 529 plans.
Taking higher education classes, whether in pursuit of a degree or to acquire additional professional skills, is something the government wants to encourage. To that end, the IRS offers tax credits for post-secondary education expenses. In this article, l
If you or your dependent is a student, you may want to determine whether you are eligible for one of the two educational tax credits that cover common student expenses. Find out more about these tax credits and how you may benefit from them.
A Coverdell Education Savings Account is a tax-deferred trust account created by the U.S. government to assist families in funding educational expenses for beneficiaries 18 years old or younger. In this article, learn how a Coverdell Education Savings Acc
Tuition discounts are one way to make college more affordable for students, as they reduce the amount a student will have to pay for school. In this article, learn more about how tuition discounts work.
The rising cost of a college degree has more students than ever borrowing to cover their expenses. In this article, learn how subsidized and unsubsidized student loans compared.
An education savings bond program lets qualified taxpayers exempt all or a portion of the interest earned upon redemption of eligible savings bonds from their annual gross income.