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Educational Tax Credits: While not specifically for private school tuition, there are educational tax credits available, such as the American Opportunity Tax Credit and the Lifetime Learning ...
Form 1098-T for the 2016 tax year. Form 1098-T, Tuition Statement, is an American IRS tax form filed by eligible education institutions (or those filing on the institution's behalf) to report payments received and payments due from the paying student. The institution has to report a form for every student that is currently enrolled and paying ...
Using your tax refund to balance your portfolio through stock, bond or mutual fund investments is another smart move. More From GOBankingRates 7 Home Items To Avoid Buying in 2024
Form 1040, U.S. Individual Income Tax Return; Form 1040A, U.S. Individual Income Tax Return; Form 1040EZ, Income Tax Return for Single and Joint Filers with No Dependents; Form 1041, U.S. Income Tax Return for Estates and Trusts (for 1993 and prior years, this was known as "U.S. Fiduciary Income Tax Return");
Using your tax refund to pay off high-interest debt could be the best use for the money. The average balance on credit cards was $6,360, according to TransUnion data from the fourth quarter of 2023.
Refund anticipation loans are a common means to receive a tax refund early, but at the expense of high fees that can reach over 200% annual interest. [9] In the 1990s, refunds could take as long as twelve weeks to come back to the taxpayer; the average time for a refund is six weeks, [ 10 ] with refunds from electronically filed returns coming ...
Some tax credits, such as the Earned Income Tax Credit and a portion of the Child Tax Credit, are refundable tax credits, such that the taxpayer can receive a refund for those amounts even if ...
Product return, a process in which a customer returns a product to the original retailer in exchange for money previously paid; Money back guarantee, a guarantee that, if a buyer is not satisfied with a product or service, a refund will be made; Tax refund, a refund on taxes when the tax liability is less than the taxes paid