jacksonhewitt., 973-630-0681,
allison. Most Jackson Hewitt offices are independently owned and operated.com),
whose TaxBrain." The report concluded that the mix of tax
deductions and tax credits, all with varying income phase-outs and
qualifications, left most families confused . "Students are missing out on thousands of
dollars in tax credits.

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Jackson Hewitt's Weekly 'Tax Time Tip': Love is in the Air: How Relationship Changes Can Affect Your Tax Return

This Week's Tip: Thoughts of romance and love abound as we approach
Valentine's Day. If you obtain an annulment that
declares your marriage never existed, you are considered unmarried for this
and any previous tax years.
With the 2006 tax season already half gone, more
taxpayers than ever have turned to the Internet, receiving more than $24
billion in refunds so far.

Craig Petz, Vice President of Petz Enterprises, (http://www. (a closely-held California corporation) is a
software development company and a leading provider of tax preparation and
filing solutions for the professional and consumer markets, helping to
automate and simplify federal, state and local tax compliance.petzent.

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com) is the third largest
independent online tax service, said, "For the first two months of 2006,
online tax filings at TaxBrain."

A recent IRS (http://www.

About Petz Enterprises, Inc., Last fall the Government
Accountability Office (GAO) issued a report entitled "Student Aid and
Postsecondary Tax Preferences.
Nelnet spokesman Eric Solomon wants to make sure that students take full
advantage of their tax benefits. Taxpayers may not claim both a tax credit and a
tax deduction for the same student in any one year.

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J. "Also, the standard deduction for married couples filing
jointly has increased to $10,000 in 2005, from $9,700 in 2004.jackson@jtax.com) is
reporting a 19 percent increase. Petz. PEI's
Crosslink line of professional tax software products enable tax
practitioners and service bureaus to accurately prepare and file large
volumes of individual tax returns.

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5 percent . This document is provided for informational
purposes only and is not intended to be tax or legal advice.

Nelnet (NYSE: NNI) is one of the leading education finance companies in
the United States and is focused on providing quality products and services to
students and schools nationwide .

This category features information relating to the preparation of tax returns.

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"

* If you are married or tied the knot in 2005, there are two notable tax
breaks now available to you .

PRESS RELEASE TaxBrain.com(R) Reports Online Do-It-Yourself Tax Filings up Almost 30%; Outpaces Industry Competitors and IRS

com) has not
issued online filing statistics yet but reports being pleased with the
performance of its TaxCut software and online products
(http://www.com is the consumer division of Petz Enterprises, Inc.
Students and parents may also be eligible to claim up to $2,500 per year
of interest paid on student loans.

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"In general, preparing a
return as a married couple filing jointly may give you the lowest tax
liability and the highest standard deduction , but to find the best
scenario, it's wise to calculate your return both ways and see which is
the most advantageous for you," explains Mark Steber, Vice President of
Tax Resources , Jackson Hewitt Tax Service. For married couples filing jointly, the 15%
tax rate bracket has been expanded to $59,400 - up from $58,100 in 2004. It is possible to file a joint return
even if only one member of the couple had income during this period.
Filing separate returns can be advantageous if you prefer to be
responsible for your own tax liability.com (http://www . For example, NSA found
the mean cost of preparing a non-itemized Form 1040 to be $110.com is a
full -service online tax center providing tax advice, tools, and resources
all year to help taxpayers manage their tax burden with greater confidence
and ease. The GAO stated that
approximately 227,000 filers claimed less than the maximum allowed tax benefit
for tax year 2002. Headquartered in Lincoln , Nebraska, Nelnet originates, consolidates,
securitizes, holds, and services student loans, principally loans originated
under the Federal Family Education Loan Program of the U.nelnet.

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PARSIPPANY, N."

* Keep in mind that the 15% tax bracket for married filing jointly filers
was expanded to twice the income range as that of a single filer,
reducing the marriage penalty .com

About Jackson Hewitt Tax Service Inc. For more information, visit
http://www. The tax deduction is
phased out as income rises above $65,000 for single filing and $130,000 for
married filing jointly.866.S.

losses deductions

If there is a
discrepancy, the tax return will be rejected, delaying your filing and
any expected refund.

Petz Enterprises, Inc.

Nelnet Offers Tips on How Students Can Maximize Their Education Tax Benefits

Tax year 2005 allows a Hope Credit of $1,500 per student per year for
qualified tuition and fees paid during the first two years of college .

(code #: nnig)

losses withholding

, Jackson Hewitt Tax
Service(R ) (NYSE: JTX), the nation's second largest tax preparation service,
continues its weekly series, "Jackson Hewitt Tax Time Tips," with special tax
considerations for those who have had a change in their relationship or
lifestyle status during 2005. Both individual taxpayers and tax professionals are turning
to e-file more and more because it's fast and accurate. TaxBrain. For more information visit http://www."
Jim Briggs, a nationally-known expert on federal taxes and financial aid
agrees with the GAO's assessment. Nelnet ranks among the nation's leaders in
terms of total net student loan assets with $20.net.

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"For example, if both of your
incomes are about the same, you may pay less in taxes by filing jointly,
depending on the rest of your return.turbotax."

The IRS also reported that efiling from home computers is up 16.

About TaxBrain. Briggs said his review of financial aid
applications indicates that many families are not claiming the correct
education tax benefits.

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For those who were separated during the entire last half of the tax year,
filing as Head of Household may be an option. You must amend your tax returns for all the tax
years not affected by the statue of limitations for filing a return (usually
three years) to reflect this change in marital status.
Jackson Hewitt Tax Service Inc.com are up 29.taxcut. Briggs feels that most taxpayers need a computer
program to determine which tax deduction and/or credit will provide the
biggest tax savings.nelnet.

This information set forth herein represents Nelnet's interpretation of
the report entitled "Student Aid and Postsecondary Tax Preferences" issued on
November 17, 2005 by the Government Accountability Office.

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This
change will be most significant for couples that do not itemize their
deductions.irs. It is the
only
web-based tax solution delivering online preparation, filing, professional
assistance and representation in all 50 states . LINCOLN, Neb.
The GAO study concluded that many tax preparers were not familiar with all
of the potential credits and/or deductions available for education expenses.

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It is important for the name listed with the Social Security
Administration to match all forms of identification and paperwork from
employers, loan holders, and investment accounts.com; Melissa Connerton , CooperKatz + Company,
212-455-8001, mconnerton@cooperkatz. More information about the
Company may be obtained by visiting the Company's Web site at
http://www. Everson as saying, "The home computer is increasingly replacing the
paper tax form.org) surveyed 1,371 accountants nationwide to find out
the mean cost of preparing a variety of tax returns.taxbrain. The deduction is phased out as
income rises above $50,000 for single filing and $105,000 for married filing
jointly.net/collegeplanning or call toll-free at
1.

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(NYSE: JTX) is the second largest tax
preparation service company in the United States with franchised and company-
owned offices in 49 states and the District of Columbia .nsacct. The
credits are phased out as your income rises above $43,000 for single filing
and $87,000 for married filing jointly. Appendix B on pages 72 and 73 is a particularly
helpful summary of the potential benefits.

phases gov

com.

"Taxpayers using an online service pay as little as $30 for non -itemized
1040 return, and slightly higher for a return with Schedule A.

filers expenses

com for information on filing status and other
topics, such as: "What to Bring to Your Tax Preparation Session" and "The Top
50 Most Overlooked Deductions. Specializing in
electronic filing (IRS e-file), the Company provides full service, individual
federal and state income tax preparation and facilitates related financial
products.5 percent,
compared with efile by tax professionals up just 4 percent for the
comparable period last year."

Substantial savings for Do-It-Yourself Internet Users

In other news , the National Society of Accountants (NSA)
(http://www.

costly tax

jacksonhewitt. To locate the Jackson Hewitt office nearest to
you, please call 1-800-234-1040.taxbrain.3 billion as of December 31,
2005.

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* All paperwork needs to be updated with the legal name for each person,
including any name changes that arise from getting married (or
divorced).
For more information on this, we encourage you to visit your local Jackson
Hewitt Tax Service location or the Jackson Hewitt website at
http://www. Make sure you take the time to see how much you can
claim.

Additional information is available at http://www.

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"This means that a couple with a joint taxable income of $80,000 this
year will have $13,336 in tax, saving $145 from the previous year,"
notes Steber.petzent. H&R Block (http://hrblock.gov) press release quoted IRS Commissioner
Mark W.com Online Tax Service

TaxBrain.com

It is recommended that students and parents refer to the 2005 edition of
IRS Publication 970 Tax Benefits for Education when deciding which tax credit
and/or deduction to claim.
Parents and students should inform their tax preparer of all potential
qualifying expenses and deductions which may apply to their situation.866.

phases irs

"

Contact: Allison Jackson, Jackson Hewitt Tax Service Inc. For an
itemized Form 1040 with Schedule A, the cost is $201. Readers are
cautioned that this report is subject to interpretation and rule making by the
Internal Revenue Service.

penalty gains

At the same time,
Intuit's industry-leading TurboTax Online (http://www. Founded in 1974, Tracy, CA-based PEI is
dedicated to serving the need of the professional tax community and
individual taxpayers worldwide.7372.

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Jackson Hewitt is based in Parsippany, New Jersey.com/press.
Also potentially available is a tax deduction of up to $4,000 per year for
qualified tuition and fees. The loan must have been used to pay for
qualified post-secondary education expenses. Readers of this
information should not rely upon the information contained herein and are
encouraged to consult with their tax advisor or legal counsel.

tax computes

* If you walked down the aisle prior to December 31st, the government
considers you married for the entire year for tax purposes, but you do
have a choice of filing jointly or separately .

* On a joint return, the couple reports the combined income and takes
combined allowable deductions.com). Online tax
preparation provides significant savings compared to walk -in services, and
compares very favorably with boxed software sold at retail outlets,"
explained Mr. The
Lifetime Learning Credit of $2,000 per year per tax return may be claimed for
qualified tuition and fees paid in any year of post-secondary education.

expenses losses

And for those newly married in 2005 , there are several tax
considerations to keep in mind as you prepare to file your 2005 income tax
return, including two new pro-taxpayer tax breaks.

Nelnet provides free college planning resources to students at the Nelnet
College Planning Web site, http://www. Department of
Education.

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