Back To School Tax Tips

The last few weeks of summer are usually all about back-to-school shopping: pencils, notebooks, and first-day-of-school outfit. For those older kids heading off to university, it's about furniture and getting them settled in away from home. This year, it seems like these responsibilities been overshadowed by uncertainty about sending our kids to school or managing virtual learning from home, all due to our COVID reality. So why even bother about taxes when you have so many other stressful things to manage? Well, COVID has also taken a toll on everyone financially, so every dollar accounts. By keeping yourself well read on the various tax credits and deductions available for students, you can ensure that this type of homework actually puts money back into your hands.