Tally the cost of books and necessary supplies purchased for your education.You won’t get a tax deduction, but there won’t be a tax on the earnings and growth of those funds if they are used for education. Invest in a 529 plan to save for your children’s education.Education expenses may be tax deductible if they maintain or improve skills required in your employment. Here are 12 tax tips to help you save through major life events. There are, however, ways to save on your taxes through life’s transitions. Taxes are part of almost everything we do in life.
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