Her expertise is in personal finance and investing, and real estate. A qualified higher education expense (QHEE), as defined by the Internal Revenue Service (IRS), is an expenditure for the costs ...

ICHRAs provide flexibility for businesses of all sizes, allowing employees to choose their health insurance plans while reimbursing premiums and qualified medical expenses. A Health Reimbursement ...

Research and development is a necessary, though often costly, component of manufacturing. Utilizing the R&D Credit can help ...

These deductions can lower your taxes and are available to taxpayers across various income brackets and situations.

Money deposited into these accounts is tax-deductible and can be used tax-free to pay for eligible medical expenses. "The definition (of eligible expenses) is so vast that it covers things people ...

Investopedia / Tara Anand A 529 plan can be a great way to save money for college, as earnings are generally exempt from federal and state income taxes if used for qualified education expenses.

There are a few ways that FSA accounts work. Many employers provide a debit card that you can then use on eligible expenses. Other plans require you to submit receipts for eligible expenses so ...

Tax season is here, and while you're filling out your return for the Canadian Revenue Agency (CRA), keep in mind that medical expenses may be deductible.