K-12 Tuition - Tuition at a public or private K-12 school is a qualified expense on the federal level up to $10,000 per year, but it may not be eligible in your state. Click on your state on our ...

The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax ...

Eligible expenses include tuition, books, fees, and supplies such as laptops, but room and board, insurance premiums, and healthcare are not eligible.

The “big, beautiful bill” aims to expand qualified expenses for 529 plans to include SAT fees, trade school tuition and vocational certificates.

Anyone with a qualified high-deductible health insurance plan can contribute – and deduct – the following amounts in 2021: $3,600 for self-only coverage or $7,200 for family coverage.

Understanding the differences in eligible expenses between HRAs, QSEHRAs, and ICHRAs can help businesses determine which type of plan best fits their needs. Here’s how the plans differ and what ...