| Learning Library Quick Answers Tax Planning |
Answer: No. The election is to elect out of the qualified residence interest rules. If you use a home equity loan for a business p....
Scenario: Is the college funding fee tax deductible for a W-2 and self-employed individuals? Answer: Most likely not. The portion ....
Answer: Yes, the first $100,000 of home equity interest is tax deductible no matter what the proceeds of the loan were used for. S....
Answer: No. It's best to get your application in soon after January 1 even if your taxes take longer to prepare. If you are not su....
Answer: If the client itemizes deductions and gets a state tax refund, the state tax refund must be included in AGI in the followi....