Education Planning Articles 529 plans The ABCs of 529 plans FAQs 529 plan basics Do 529 plans include both state savings plans and prepaid tuition plans? How long have 529 plans been around? How many states currently have 529 plans? What can you tell me about employer-sponsored 529 plans? What is the Independent 529 Plan? What's the difference between state savings plans and prepaid tuition plans? Who can legally offer 529 plans? Why are these plans referred to as "529" plans? Tax Planning Articles General tax planning Taxation of investments Decision Tools General tax planning Accelerating deductions/postponing Income Accelerating income/postponing deductions Federal individual income tax fundamentals Remarriage with children: income tax considerations FAQs General tax planning Am I having enough tax withheld from my paycheck? Are my Social Security benefits subject to income tax? Are scholarships and grants subject to federal income tax? Do I have to file a federal income tax return? Do I have to pay U.S. taxes when I work abroad? How did the Jobs and Growth Tax Relief Reconciliation Act of 2003 change capital gains tax rates? I don't have the cash to pay my taxes. What can I do? I have investment property. What does basis mean, and how do I determine the basis of my property? I received a state tax refund last year. Must I include that amount as income on my federal return this year? My spouse passed away this year. When I file my taxes, what filing status should I claim? What is my tax bracket? What is the alternative minimum tax? What is the basis of property received as a gift? What is the kiddie tax? What penalties and interest will I be charged for paying and filing my federal income taxes late? What's the difference between an "injured spouse" and an "innocent spouse"? Will I have to pay tax on my investment income? Tax deductions Can I deduct home office expenses? Can I deduct premiums paid for long-term care (LTC) insurance? Can I deduct the cost of improvements or repairs I've made to my home? How do I deduct and substantiate my gambling losses? I paid my mother's real estate taxes last year. Can I deduct this on my tax return? I refinanced my principal home last year and paid points. What are points, and can I deduct them on my tax return? If I prepay next year's taxes this year, can I deduct them this year? If I work at home occasionally, am I entitled to a home office deduction? Is student loan interest deductible? My spouse and I are filing separate returns. Can we both itemize our deductions? If so, how do we split the deductions? My town has assessed against me a real estate betterment for new sewer lines installed in my street. May I deduct this amount on my tax return? We just bought our first home. What can we deduct from the settlement statement?