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eligible expenses

Treating start up expenses on your return

Treating start up expenses on your return

Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020 through June 2021, the U.S. Census Bureau reports that business applications are up 18.6%. The Bureau measures this by the...
Are School Scholarships Tax-free or Taxable?

Are School Scholarships Tax-free or Taxable?

COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even if it’s just for online learning, and some parents will be facing tuition bills. If your child has been awarded a scholarship, that’s cause for...
Student loan interest: Can you deduct it?

Student loan interest: Can you deduct it?

The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with a student loan have been hard hit. The Coronavirus Aid, Relief and Economic Security (CARES) Act contains some assistance to borrowers with federal student loans. Notably,...