Government Forgives Certain Student Loan Debts

The amount of student loans outstanding has been called an economic ticking time bomb by some experts – with a long list of reasons why more and more students are having a hard time paying back the borrowed funds. Student … read more

Tax Deduction for Hosting a Foreign Student

One of the considerations you have to keep in mind if you are thinking of hosting a foreign student is the cost of having another person living in your home. Fortunately, the tax law provides some help to offset that … read more

Benefits of a 529 Plan for Arizona Taxpayers

If you are anything like me, you have probably heard of a 529 plan but haven’t really let the reality of what it is or what it can do for you sink in. The benefits of having a 529 education … read more

Bill Passed to Enhance College Tuition Plans

Sending a child off to college can be a tough situation, emotionally and mentally, for many different reasons. Creating a 529 plan to save money and pay for your child’s college tuition is very important, but what about all the … read more

AZ Expands School Tuition Organization Credit to S Corps

The Arizona legislature has established a pro rata income tax credit for an S corporation that donates to a school tuition organization (STO) for tax years beginning on or after 1/1/2015. To qualify for the credit, the aggregate amount of … read more

We’re from the Government and We’re Here to Help Finance Your Education

President Obama’s recent proposal to offer two free years of community college tuition has garnered a lot of attention. But like my favorite finance guru Dave Ramsey likes to say, “When the government says ‘free’, pull out your wallet.” Along … read more

Education Expenses Overwhelming? Try the Lifetime Learning Credit

If you, your spouse, or dependents are currently attending or planning to attend college, you may be able to claim the Lifetime Learning Credit to help offset the cost. Just remember that you cannot claim both the Lifetime Learning Credit … read more

Arizona Education Tax Credits

With the new school year in full swing, now is a great time to think about the available Arizona education tax credits related to Grades K-12. There are three Arizona school tax credits. Taxpayers are allowed to claim all three … read more

Going to School? Get a Break with the American Opportunity Tax Credit

Sending a child to school is expensive. Really expensive. I have 2 sons in college and the costs of tuition, books, and extracurricular activities add up quickly. Fortunately, there are tax credits you can take advantage of to help offset … read more

Student Loan Interest: Can Tax Law Keep Up?

Student loans have been a hot topic in the media and on Capitol Hill. A recent analysis of student loan trends from the credit bureau Experian found that student loan debt increased by 84% from 2008 to 2014, surpassing the … read more


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.

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