Estimated Tax Payments: The Facts

Estimated Tax Payments: The Facts Estimated tax is the method used to pay tax on income that is not subject to withholding, including income from self-employment, interest, dividends, alimony, rent, and gains from the sale of assets, prizes, and awards. You also may have to pay an estimated tax if the amount of income tax…

Is Your College Student’s Scholarship Taxable?

Is Your College Student’s Scholarship Taxable? May 1st is the traditional deadline for undergraduate students to commit to their college of choice, which means tuition payments are not far behind. If you’re wondering if your child’s scholarships are taxable, here’s what you should know. First, it’s important to understand how a scholarship is defined. Generally,…