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 ...

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

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 ...

Another way to reduce your taxable income is by contributing to a traditional IRA. The maximum contribution is $7,000 in 2025 ...

In the House version of the legislation, gym access would qualify as a medical expense. But the proposal is on the chopping ...

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 ...

Rather than sue the agency on its own, as many others are currently doing, Air Alliance Houston will be trying a new legal ...

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

A qualified expense is anything that can be paid for by the plan that allows you to use the plan’s funds tax-free. Until recently, 529s were used primarily for higher education.

An ABLE account allows disabled individuals to set funds aside without jeopardizing their eligibility for needs-based government benefits.