How much income tax exemption is allowed on my own tuition fees?

Answer You may take tax rebate on entire amount of Rs.30,000/-.

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Can I Deduct a Divorce Attorney's Fees & CPA Fees From My Income Taxes?

Divorces are not only emotionally draining but can also be expensive after paying your attorneys and CPAs the fees you owe. The IRS will not, however, allow you to claim a deduction for every fee y... Read More »

Is there a one-time grace exemption from paying income taxes?

There is no one-time grace exemption from paying income taxes. The Internal Revenue Service states that you will incur fines, interest and possible prison time if you do not pay taxes owed. The IRS... Read More »

Which States Allow Income Tax Exemption for Domestic Partner Benefits?

Seven states in the U.S. recognize same-sex couples and provide tax benefits. Couples receive all the tax deductions available to traditionally-married couples, including health insurance, medical ... Read More »

Tuition & Fees for Law Schools?

Tuition and fees for law schools vary by institution. In the U.S., law schools can be grouped into public and private American Bar Association (ABA)-approved schools, private schools that are state... Read More »