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Tax Deduction Consulting: Education Tax Deductions Goffstown NH

For parents, the IRS offers many tax breaks and deductions to those who are funding the costs of higher education. Tuition, fees, and costs of books may be used as a deduction when filing taxes. As long as these costs aren't paid for with tax-free income, you can use them as education expense deductions to reduce your adjusted gross income and taxes due. Costs of work-related education can also be used in deductions.

Mr. James E. Knee (RFC®), MBA
(603) 224-1010
6 Loudon Road, Suite 505
Concord, NH
Company
Sterling Financial Services, LLC
Qualifications
Education: B.S., University of Bridgeport;MBA, Southern New Hampshire University;Advanced Certificate in International Business;Series 24 Registered Principal License;Series 7 and 63 Securities License;NH Health and Life Insurance License
Years of Experience: 26
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Education Plan, Asset Protection

Data Provided by:
Fishers Income Tax Svc
(603) 622-2057
616 Mast Rd
Manchester, NH

Data Provided by:
Danis & Company
(603) 656-9041
169 South River RD #14
Bedford, NH
 
J Walker & Co LLC
(603) 224-4829
104 N State St
Concord, NH
Hours
Mon 09:00 AM-05:00 PM;Tue 09:00 AM-05:00 PM;Wed 09:00 AM-05:00 PM;Thu 09:00 AM-05:00 PM;Fri 09:00 AM

Data Provided by:
Mr. James E. Knee (RFC®), MBA
(603) 224-1010
6 Loudon Road, Suite 505
Concord, NH
Company
Sterling Financial Services, LLC
Qualifications
Education: B.S., University of Bridgeport;MBA, Southern New Hampshire University;Advanced Certificate in International Business;Series 24 Registered Principal License;Series 7 and 63 Securities License;NH Health and Life Insurance License
Years of Experience: 26
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Education Plan, Asset Protection

Data Provided by:
H&R Block
(603) 647-6974
1328 Hooksett Rd
Hooksett, NH

Data Provided by:
H&R Block Inside Northside Plaza
(603) 628-1976
67 HAMEL DR UNIT B4A
MANCHESTER, NH

Data Provided by:
Devereaux & Ean-Dixon Bookkeeping LLC
(603) 717-1214
PO Box 2794
Concord, NH
Prices and/or Promotions
10% off of individual tax return prep

Steele Associates
(603) 673-4660
54 Nashua St
Milford, NH

Data Provided by:
Devereaux & Ean-Dixon Bookkeeping LLC
(603) 717-1214
PO Box 2794
Concord, NH
Prices and/or Promotions
10% off of individual tax return prep

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Tax Deduction Consulting: Education Tax Deductions

Education Tax Deductions

It is hard to dispute that the cost of education is simply frightening. The manipulation of education tax deductions can relieve some of the fear.

Education Tax Deductions

Students and parents alike fear the day when it comes time to head off to college. Okay, heading off to college can be a very exciting time for both students and parents. It is the cost of doing so, however, that can have parents breaking out the vodka and aspirin. Given the breakneck pace by which education expenses are growing, the powers that be have placed some hidden education tax deductions in the internal revenue code.

For parents, the IRS offers many tax breaks and deductions to those who are funding the costs of higher education. Tuition, fees, and costs of books may be used as a deduction when filing taxes. As long as these costs aren't paid for with tax-free income, you can use them as education expense deductions to reduce your adjusted gross income and taxes due. Costs of work-related education can also be used in deductions.

For students, student loans often represent the only way to get a higher education. While the balances and payments can be scary, there is some relief. As long as you are not making serious money directly out of school, and who is, you can deduct some if not all of the interest payments made on the loans. This is similar to deducting the interest payments made on home loans.

In addition to deductions, there are also many forms of tax-free benefits. For instance, scholarships received that are used towards the expenses of higher education are considered tax-free. Grants and other distributions from state, federal, or institutional programs also used towards tuition, fees, and other forms of college expenses are considered tax-free as well. Nothing is finer than a grant or scholarship. They are also plentiful if you know where to look. Organization such as churches, community groups and even the government issue them each and ...

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