Accounting Bookkeeping Consultant LLC

10/03/2026

10/03/2026

10/01/2026

Notes from My Desk::
📚🎓 DID YOU KNOW? — LATEST TAX NEWSLETTER

🚌 Don’t Miss School education benefits

As the 2026–2027 school year gets underway, it’s a great time to review potential education-related tax benefits.

From tuition and required school costs to educator classroom expenses, understanding the tax rules may help you save money when you file your taxes.

🎓 Higher Education Tax Credits

Two important tax credits may help eligible families:

📌 American Opportunity Tax Credit (AOTC)
• Up to $2,500 per eligible student
• May apply to tuition and certain required education expenses
• Up to 40% of the credit may be refundable, subject to the applicable rules
• Generally available for the first four years of qualifying higher education

📌 Lifetime Learning Credit (LLC)
• Up to $2,000 per tax return
• Can apply to qualifying higher education courses
• More flexible regarding the number of years it may be claimed
• Nonrefundable

Income limits and other eligibility requirements apply to both credits.

🍎 Educator Classroom Expense Deduction

Are you a K–12 teacher, aide, counselor, or principal who purchases qualifying classroom supplies with your own money?

You may be eligible to deduct up to $350 in qualifying educator expenses.

If both spouses filing jointly qualify, each may potentially claim up to $350, for a combined deduction of up to $700.

🎓 Scholarships, Grants & Fellowships

Not all education money is necessarily taxable.

Scholarships, grants, and fellowships used for qualified education expenses, such as tuition and required course fees, may be tax-free under applicable rules.

However, amounts used for expenses such as housing, food, or travel may be taxable.

Fellowships with work requirements may also have different tax treatment.

💡 PLAN AHEAD FOR TAX SEASON!

Education tax rules can be complicated, and eligibility depends on your individual circumstances.

Let us help you review your situation and identify potential tax benefits.

📞 Call today to schedule a tax planning appointment.

Accounting Bookkeeping Consultant LLC
📍 55 Main St E, Rainsville, AL 35986
📞 256-638-3335
📧 [email protected]
Melodie Coker Owner

You call. We answer.
Trustworthy. Dependable. Here to help you plan ahead.

Tax rules and eligibility requirements apply. This post is for general informational purposes and is not individualized tax advice.

10/01/2026

Stay safe to our Farmers and let’s watch out for the farmers as they are on the roads to and from fields.

During National Farm Safety Week, ADAI reminds farmers, farm families and agricultural workers to make safety a priority every day. Whether operating equipment, working around livestock, handling chemicals or traveling on roads, taking a few extra precautions can help prevent serious injuries and save lives.

As harvest season continues across Alabama, remember to slow down, stay alert and look out for one another!

09/30/2026

Throw back from last week. What a wonderful memory!!!

CM Gridiron | Throwback Thursday | Football | 2014 State Championship Team | Fyffe Red Devils

Presented By: Accounting Bookkeeping Consultant LLC

Some championships stand out because of what they accomplished. Others stand out because of what they started.

The 2014 Fyffe Red Devils State Championship Team holds a special place in Fyffe football history. The Red Devils went 15-0 that season, marking the first undefeated 15-0 season in school history while also capturing the program’s first state championship — the 2A State Championship.

Coach Paul Benefield led the Red Devils to that historic championship in 2014, beginning a remarkable run that would see him lead Fyffe to all six of the state championships that followed.

Fyffe has now captured seven state championships, winning titles in both Class 2A and Class 3A. The 2014 team helped establish the championship culture that has become such an important part of Red Devils football and added another chapter to a strong school history and tradition.

This Throwback Thursday, we look back at the team that started it all — the 2014 Fyffe Red Devils, the first State Championship Team in school history and the first to finish a perfect 15-0 season.

09/30/2026

CM Gridiron | Top Cheerleader Performances of the Week | Week 5

Presented By: Accounting Bookkeeping Consultant LLC

09/28/2026

Happy National Neighbor Day!
It’s a day to appreciate the people who live around us and encourage kindness, friendship, and stronger communities. Simple ways to celebrate include introducing yourself to a new neighbor, sharing a treat, helping with a small task, checking in on someone who lives alone, or simply saying hello.