If you or one of your dependents is heading back to school this year, remember that there are tax deductions and credits that may soften the blow of tuition, expenses and fees. Perhaps the most familiar is the tuition and fee deduction "tax extender" that is perpetually in jeopardy. As you may recall, this and other tax breaks were reinstated by Congress at the very last minute -- reinstated for 2014, that is, and immediately repealed for 2015. It may come back this year, but nothing is certain.
Pack up your deductions in your old book bag and smile smile smile
It can be a sad day in Minnesota when summer ends. The official end to summer, the autumnal equinox, came early this morning, according to Almanac.com. The exact date of the unofficial end of summer has been the subject of some debate. Generally, Labor Day marks the end of flip-flops and the return to serious business. This year, though, Labor Day came a little late for lawmakers, and the first day of school, the other unofficial end of summer, fell before the holiday -- even at the University of Minnesota.
