Individuals’ active participation rental  real estate losses up to $25,000 may be used against nonpassive income. A natural person who (1) has at least a 10% interest in any rental  real estate activity and (2) otherwise “actively participates” in that activity, may offset up to $25,000 of nonpassive income with that portion of the passive activity  […]

Qualified tuition programs (QTPs) are also called “529 plans.” States may establish and maintain programs that allow you to either prepay or contribute to an account for paying a student’s qualified education expenses at a postsecondary institution. Eligible educational institutions may establish and maintain programs that allow you to prepay a student’s qualified education expenses. […]

Most people file their tax return because they have to, but even if you don’t, there are times when you should. You may be eligible for a tax refund and not know it. This year, there are a few new rules for some who must file. Here are six tax tips to help you find […]