tax breaks

In approximately a decade, the Social Security retirement program is projected to encounter challenges in fulfilling its commitment to provide full benefits as promised. In response to this impending issue, Andrew Biggs, a former deputy…

When it comes to funding higher education, 529 plans are widely utilized. It's a state-run savings program that offers tax breaks for saving up for things like college. For estate tax purposes, money put into a 529 plan is treated as a…

Taxpayers who make payments on a qualified student loan may be eligible for relief if the loan was only utilized for higher education costs. For students in the United States, figuring out their money while attending college is an…

Residents of Michigan with public pensions and other specific retirement accounts may soon enjoy new tax breaks under a bill approved by the state Senate on Thursday, and the House has approved a competing plan with significant differences.…

The American dream of home ownership may exist, but it can also have disadvantages, such as high upkeep expenditures.  The advantage of becoming a homeowner is that you are eligible for several tax benefits that can significantly…