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Education Tax Breaks for Online Courses

Do online college courses qualify for the American Opportunity and Lifetime Learning tax credits, or do only classes taken in person at a brick-and-mortar college qualify? --N.F., Beltsville, Md. Whether you...

How Married Couples Can Pay for Long-Term-Care...

I read your column about paying long-term-care premiums with HSA money. But I wonder how it works for a married couple when one spouse has an HSA and the other does not. Can the HSA money be used tax-free to pay...

Can I Write Off My Kid's Summer Camp?

My son goes to camp for most of the summer, and his babysitter picks him up and watches him until I come home from work. Can I take the child-care credit for these costs? If you pay for the day camp and a...

Tax Breaks for Summer Child Care

My son goes to camp for most of the summer, and his babysitter picks him up and watches him until I come home from work. Can I take the child-care credit for these costs? If you pay for the day camp and a...

How Annuity Withdrawals Are Taxed

I'm 72 years old and have a variable annuity. If I annuitize the balance to create a lifetime income stream, is that taxed differently than if I just take withdrawals when I need them? Yes. If your annuity is...

How Long Do You Need to Keep IRA Tax Form 5498?

I just received Form 5498 in the mail from my IRA administrator, reporting my 2014 contribution to my IRA. What do I need to do with this form, and why did I receive it now? Form 5498 reports your contributions...

What to Do When You Receive a Tax Form for IRA...

I just received Form 5498 in the mail from my IRA administrator, reporting my 2014 contribution to my IRA. What do I need to do with this form, and why did I receive it now? Form 5498 reports your contributions...

Figuring the Cost Basis of a Gift of Stock

My grandmother wants to give me some shares of stock she has owned for a number of years. The stock has increased in value a lot since she originally bought it. If she transfers the shares to me, how do I...

What's the Cost Basis If My Grandma Gives Me...

My grandmother wants to give me some shares of stock she has owned for a number of years. The stock has increased in value a lot since she originally bought it. If she transfers the shares to me, how do I...

Can You Afford to Live Without Flood Insurance?

I understand that homeowners insurance doesn't cover flooding. How much does flood insurance cost?The federal government offers coverage through the National Flood Insurance Program at an average cost of about...

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