Taxes Archive

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Use IRS Tax Credits to Help Pay for Education

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For the spouse left behind during deployment, finding a way to fill those lonely hours can be a challenge. What if you could do something with that time that would lead to a brighter future? This could be the perfect time to go back to school. The IRS will help pay for advanced education expenses, making a return to school possible even on a tight budget. Taxpayers can use the money they normally spend on income taxes to help pay for sc... more

Income Tax: Know Your Education Credits

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Are you, your spouse or dependents going to college in 2014? You may be eligible for education credits when you file an income tax return in 2015. (The credit is available through tax year 2017.) There are two types of credits: American Opportunity Credit and the Lifetime Learning Credit. Before I explain what these two types of credits can do for you, let's see which one you are qualified for. American Opportunity Credit qualifications... more

State Tax Information

Below is information on state income tax rules, organized alphabetically by state. Information on U.S. territories and possessions is included at the bottom of the list. ALABAMA Alabama Department of Revenue Individual and Corporate Tax Division P.O. Box 327465 Montgomery, AL 36132-7465 (334) 242-1170 Forms: (334) 242-9681 Electronic filing: (334) 242-2117 Refund: (334) 353-2540 Website: http://www.ador.state.al.us Mili... more

Tips for Making the Most of Your Tax Refund

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Although tax season is often the most dreaded time of year, many consumers actually look forward to getting what's owed to them, particularly since in recent years the average federal income tax refund has been in the $3,000 range. Once the refund is received, the question becomes one of how to responsibly use the money. Consumers should never lose sight of the fact that this is not found money, but simply Uncle Sam returning your mone... more

How to Budget Your Tax Refund

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According to the IRS, the average tax refund is up 3 percent so far this year, to $3,034. That's a significant amount of money to receive with no plan in place. Some will receive their tax return and know exactly where they intend to spend that money, whereas others might want to be more strategic with their refund check. 3 Methods for Budgeting Your Tax Refund. 1. Elizabeth Warren's 50-30-20 Rule The 50-30-20 budget is a commonly ... more

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Taxes

Spouse

  • calculator money 380x253

    There's good news for military families who plan to have children or currently raising them. There are a number of tax benefits available to those who claim a dependent child on their income tax re...  more

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    As a military spouse tax time can be a bit stressful to say the least -- here's answers to some of the most common questions.

  • tax forms

    Here's a look at the laws that could wage a multipronged attack on your wallet and what you can do to prepare.

  • Happy Family

    Military families must contend with moving and child care issues -- and both of these issues can be very expensive. However, Permanent Change of Station (PCS) and the Child Tax Credits can help eas...  more

Vets

Servicemembers

  • tax forms

    The tax laws provide some special benefits for active members of the U.S. Armed Forces, including those serving in combat zones.

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    With the start to the new year behind us, it is time to once again plan ahead for tax season. With the exception of those serving in combat zones or stationed outside the U.S, most military personn...  more

  • Taxes

    Let's face it -- the American tax system isn't known for its simplicity. And the confusion factor just climbs higher when you lived or worked in more than one state during the year.

  • Student Aid Tuition Assistance

    Servicemembers who recently enrolled in continuing education programs or signed up for skills building classes, have several government reimbursement programs and income tax benefits that can help ...  more

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