It’s April 18th and tax season is officially over. In homage to our Minnesota roots, let us just say this: “Uff da.” We’re sure you don’t want to hear this, but now is the best time to start planning and organizing for next year. If anyone in your household will be enrolled in higher education in 2012, below are some resources you should be aware of:
- Finding Tax-Related Education Benefits
- Understanding Student Tax Information: 1098-T Tuition Statements
- 9 Helpful Tips to Get Organized for Tax Time
The Minnesota Office of Higher Education does a nice job of explaining education tax benefits as well. It’s good to understand what income and deductions you have related to a college education and then gather that information throughout the year in a centralized location. If you have any questions or concerns, you may want to contact your tax professional.
UPDATE: If you are a veteran or service member, there may be some tax benefits that apply specifically to you. Please visit the MyMilitary GPS LifePlan for additional information and links to resources.