How many times have you finished your taxes and sent them off, only to hear later about a deduction that would’ve been perfect for you? Well, if you’re anything like me, that scenario has played out in your life more than once. Given the fact that it takes the Internal Revenue Service over 70,000 pages to explain the 2010 tax code, it’s understandable how you could miss a deduction or two along the line. Let’s highlight a few of the most commonly overlooked tax breaks.
Posts Tagged ‘tax credit’
Tax Credits 101: Credits for Students
December 29, 2010For most higher education students, the fall semester has come to a close. As the new year and another semester approaches, now is a good time to begin thinking about taxes. Yes… taxes. Students who are filing their own tax returns this year may qualify for higher education tax credits that can significantly reduce your tax burden, or possibly increase your refund. Learning about them now will save you from cramming later and maybe even missing out on some money to which you’re entitled.
