College students need to be careful that they understand whether or not their parents are claiming them as a dependent and parents should look into what college and education tax credits are available, and while tax pros say it’s great for college students to start filing their own forms, parents and students should double check everything carefully before anyone pushes the “submit” button.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThere are two kinds of education tax credits. The American opportunity credit is for up to $2,500 a year for the first four years toward an undergraduate degree.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beware of Tax Scams During Tax SeasonLearn about the common types of tax scams and how to protect yourself from falling victim to identity theft.
Source: NBCNewYork - 🏆 270. / 63 Read more »
How to File a Tax Extension for 2023 Tax ReturnsLearn how to file a tax extension for the upcoming 2023 tax returns. Find out the process and important details to avoid penalties.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »
Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year.
Source: ksatnews - 🏆 442. / 53 Read more »
Tax time: Signs your tax preparer may be a fraudIf the amount on your return seems too good to be true, it probably is
Source: abc15 - 🏆 263. / 63 Read more »
Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year
Source: ABC - 🏆 471. / 51 Read more »
Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year. April 15 is still the annual tax deadline for many small businesses although, unlike individuals, small businesses can have varying deadlines depending on the type of company, the state the taxes are filed in, and other factors.
Source: AP - 🏆 728. / 51 Read more »