1098T Tax Form Tips. Students can graduate college on top of their tax game! #taxtips

What Is A 1098-T Form Used For?

Question of the Week: What Is A 1098-T Form Used For?

As the new tax season approaches, you may have already started receiving multiple documents to hand over to your tax preparer or accountant. Among all of those docs you may notice a tax form called a 1098-T. Don’t be afraid by this document at all.

Form 1098-T is a Tuition Statement used to help you understand which education credits you may qualify for relating to tuition and other school-related expenses paid during the tax year.

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Tax Deduction Checklist for Teachers

Tax Deduction Checklist for Teachers

It’s understandable that the last thing a Teacher or any other Educator wants to worry about are tax deductions. This daunting thought can also be the reason so many workers in the education field file too quickly in an effort to complete this task.

The job of a schoolteacher can be a grueling, with lots of stress, deadlines, and long hours. Plus, you’re probably using your own money for some work-related expenses.

To add to your already long list, you will want to make sure all your documents are in line for taxes in order to stay ahead of the game. In this article I will show you how to get the most deductions and lower your tax bill.

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Commonly Missed Tax Deductions for Stylists, Barbers and Beauty Professionals

You’re in the world of perfecting your client’s physical appearance whether it is through hair, fashion, or makeup. The last thing you want to worry about is making sure your taxes are prepared correctly and with optimal care. I am definitely aware of this and I always want to make your life easier when it comes to helping you prepare your taxes.

The first thing you will want to do, is to make sure all your documents are in line. On this article I will show you how to get the most business deductions and lower your tax bill.

When preparing for the tax season, please keep in mind that you can write-off expenses that are common for your profession and ones that are necessary to help you run a business.

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Affordable Care Act Complete Guide

Affordable Care Act Explained

What is the Affordable Care Act?

There has been a lot of confusing when it comes to the Affordable Care Act, also known as Obama Care. I’m going to provide you with some essential information about the program and how it works.

ATTENTION: RECENT CHANGES TO TAX LAW HAS AFFECTED THE ACA!

Beginning in 2014, if you were a U.S. citizen or legal resident alien then you and your dependents were required to have Minimum Essential Health Care Coverage, have a health coverage exemption, or make a Shared Responsibility Payment (penalty or ISRP) with your tax return under the Affordable Care Act.

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