In this episode of the Dollars and Sense Show host Carol Topp discusses tax breaks for homeschoolers. [display_podcast] Show Notes: There is no federal tax credit or deduction for homeschool expenses Some states do allow a deduction, usually on state income tax. Proposed in Ohio: Property tax deduction for homeschool expenses Arizona, Illinois, Indiana, Iowa, […]
H&R Block has an interesting infographic on how US Federal Tax Dollars are Spent on Education. 4.8% of the Federal budget is spent on education (seems way too low to me). The infographic breaks down dollars by elementary vs. secondary vs. higher ed, how students pay for college, IDEA, and more. It's interesting to see how the money is spent.
So You're Moving to a New State. Here are some Tax tips: Everyone knows Uncle Sam – he takes his Did you know, in some cases, people can pay more in state and local income taxes than they do federal taxes? If you’re one of the many medical professionals moving to a new state this year, it is in your best interest to understand these additional income taxes before making the plunge!
Here are the massive tax breaks Trump is proposing for the rich
Tax court records indicate that Mr. Trump also avoided paying any federal income taxes in 1984. In 1991 and 1993, at a time when Mr. Trump’s Atlantic City casinos were in deep financial trouble, casino commission reports show that he claimed losses that would have allowed him to avoid paying income taxes in those years, too.....NY Times