Tax Incentives for Higher Education

Many families understand the value of higher education and desire to help their college-bound children accomplish this goal. There are numerous ways in which saving and paying for college education can save income tax. The most common benefits include; tax credits, deductions, and savings plans. These incentives have different limitations on the tax benefit, qualifications […]

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Mid-Year Tax Checkup for Businesses

We are halfway through 2015 and it’s a good time to make some planning adjustments for tax purposes before year-end. Consider these: 1.       Per the U.S. Supreme Court ruling in June, every state must recognize same-sex marriages. Employers in states that did not previously recognize same-sex marriage should revise state income tax withholding for affected […]

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