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Posts Tagged "tuition fees"

Itemizing vs. Standard Deduction: Three Tips to Help You Choose

When you start planning early, you have time on your side to help you compare between various options and choose the best for yourself. While filing your tax return, you usually have a choice of whether to itemize deductions or take the standard deduction. Before you choose, it’s a good idea to figure your deductions using both methods. Then choose…read more →

Deductions allowed when you do not itemize

There are lines and then there are fine lines that can be read to understand better about the available options for deductions on tax returns. Shawn and Penny, a married couple and parents of two children, wanted to make the most of the available options. They are aware that there are other tax deductions you can also deduct, in addition…read more →

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