| Learning Library Quick Answers Tax Planning |
Answer: No, the education credits/deduction can not be split. The person claiming the child on their tax return is entitled to the....
Answer: No. Expenses paid to attend high school do not qualify for the education tax credits because a high school is not an eligi....
Scenario: With planning, you can receive a business tax deduction for the cost of your child's car. Please explain this strategy. ....
Answer: Higher education expenses paid by the proceeds of a Stafford or PLUS loan may qualify for the tax credit, but the loan mus....
Scenario: It states that life insurance withdrawals could be assessed as income. Does that apply to loans from life insurance cash....