There are three ways of removing paint from wood: sanding, a hot air gun and chemical paint strippers. 1  Sanding is best kept for small projects unless you want to hire an industrial sander to remove paint and varnish from your floor.
Story Highlights. 1  Tuition and fees you pay to the college are tax-deductible. 2  Travel to home, room and board, medical expenses are not deductible. 3  There is an income cap on education-related deductions.
Federal Taxes. You do not get a federal tax deduction for 529 plan contributions, but the accounts yield other major federal tax benefits. The money in 529 plans grows without incurring state or federal taxes, and you pay no taxes on the earnings when you withdraw funds for qualified college expenses. 529 plan, also known as a qualified tuition plan, is a financial account that enables saving for college with tax-advantaged growth. Contributions are not tax-deductible for federal income tax returns.