eGifter offers another clever option to look for discounts on gift cards. They have options for individuals or businesses. You can buy one or in bulk and save varying amounts. Accumulate points toward free gifts and pay with a variety of options including e-currencies.
Gift cards can be sent by email, text, hand deliver, or mail. You can even print them at home. Group purchases and corporate options also available.
We don’t have any affiliation nor do we earn a commission from eGifter. This is simply information provided to try and help you preserve your hard-earned money.
The IRS has a 10 minute quiz to help determine whether you may be able to claim a Tax Education Credit. This will help you determine if you’re eligible for certain educational credits or deductions including the American Opportunity Credit, the Lifetime Learning Credit, and the Tuition and Fees Deduction.
Be prepared with the following because you’ll have to start over after 15 minutes of inactivity.
- Filing status.
- Student’s enrollment status.
- Your adjusted gross income.
- Who paid the expenses, when the expenses were paid, and for what academic period.
- If any expenses were paid with tax-exempt funds.
- If any expenses were paid with distributions from a Coverdell Education Savings Account or Qualified Tuition Program.
The tool is designed for taxpayers that were U.S. citizens or resident aliens for the entire tax year for which they’re inquiring. If married, the spouse must also have been a U.S. citizen or resident alien for the entire tax year. For information regarding nonresidents or dual-status aliens, please see International Taxpayers.
Remember…its not how much you earn but rather how much you keep. Learn about other ways to reduce the cost of tuition and college related costs.
Free tuition does exist and may become more popular in the future. Of course these are few and far between and come with qualifications. The catch is that “free” doesn’t equate to covering all educational expenses. But it’s worth the look if you’re in the hunt. The link below explains more.
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On March 20, 2020, the Secretary of Education directed the office of Federal Student Aid to provide the following relief on U.S. Department of Education held federal student loans:
- suspend loan payments
- stop collections on defaulted loans
- set interest rates to 0% for a period of 60 days
On March 27, 2020, Congress passed, and the president signed into law, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provides for the above relief measures through Sept. 30, 2020. Then on Aug. 8, 2020, President Trump directed the Secretary to continue to suspend loan payments, stop collections, and waive interest on U.S. Department of Education-held student loans until Dec. 31, 2020.