Business owners may be surprised to learn that there is such a thing as "bad income." There is also such a thing as good expenses.
Image courtesy of Pixabay.com Iowa allows a tax credit of up to $250 for K-12 school-related expenses such as tuition, textbook purchases, and other school-related fees. The credit is 25% of up to $1,000 of expenses per child, so $250 per child is the maximum credit. Who claims the credit in cases of divorce [...]
I HATE being called a tax expert.