Last month, the U.S Department of Education released a press release to indicate how they would target the borrowers in default and one of the options of repayment is the wage garnishment. The press released pointed to "... More than 5 million borrowers have not made a monthly payment in over 360 days and sit
In the 2023 National Taxpayer Advocate report to Congress, this organization lists a number of issues that the IRS should address as priorities for "serious" problems. The report is public and published each year. Additionally, the report provides details in plain language of why each problem has a significant impact on the taxpayers and how
In the IRS Tax Tip 2022-123, the IRS reminds college students and any taxpayers that might claim them, that there are two education credits available for them: 1. American Opportunity tax credit Worth a maximum benefit of up to $2,500 per eligible student Only available for the first four years at a post-secondary or vocational
