If your child has a 529 College Savings fund and they are awarded a tax-free scholarship money can be withdrawn from the fund up to the amount of the scholarship without paying penalties.
Read moreInterest Rates Remain the Same for the Third Quarter of 2011 WASHINGTON — The Internal Revenue Service today announced that interest rates for the calendar quarter beginning July 1, 2011, will remain the same as in the previous quarter. The rates will ...
Read moreQualify for the Child/Dependent Care Credit and claim summer day camp and childcare expenses. Need to reduce the amount of tax that you owe? Well … you may be able to claim a credit if you pay someone to care for a dependent under the age of 13, or for your ...
Read moreWedding season is in full swing! Congratulations! You have tied the knot and cut the cake… Now what? Although next year’s tax day seems far away, it will be here before you know it. Here are four simple steps you can take soon after tying the knot to make ...
Read moreDo you have a summer job during your time off from school? Do you know that you have to pay tax on the money you’re earning from that job? Here are a few tips about earning money and paying taxes. • Be sure you fill out Form W-4, Employee’s Withholding ...
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