The EITC payout ranges from $503 for a single individual with no children up to $6242 for a person with three or more qualifying children.
Tax credits and deductions give millennials the opportunity to lower their tax burden or bump up their refund. Tax breaks such as the saver's credit are...
Expecting a refund? Learn how you can have your tax refund directly deposited into an IRA or savings bond.
Planning pays off in most endeavors, and planning can pay off very well with respect to taxes — or more accurately, failure to plan can cost you a lot of money.
Consider these advantages and disadvantages before deciding whether to file jointly or separately.
Can a billionaire of Donald Trump's stature, with a reported net worth of $4.5 billion, according to Forbes, [Trump claims it is closer to $10 billion] qualify for a tax break that applies to couples earning under $500K?
Own a rental property? Here’s what you need to know before filing taxes this year.
Being your own boss is enviable in many aspects, except for when it comes to doing your taxes. Freelancers, here’s how to do your taxes.
The IRS is seeking to hire private debt collectors to handle the collection of unpaid taxes. How can you be sure that any private collection service really does have a connection with the IRS?
If an identity thief beat you to filing your own taxes this year, it’s likely not going to make you feel better knowing you aren’t alone, but it’s true. The IRS announced earlier this year that it’s anticipating $21 billion in tax refund fraud in 2016.
From filing statuses to deductions, we outline how getting hitched affects your 1040—including ways you may be able to save money.
The Federal income tax code has several rules that are triggered by your age. And, while birthdays are fun and simple, these tax rules can be extremely complicated. It is important to know how they apply to you.
Whether you’re dropping off the paperwork at a post office or clicking a submit button online, the feeling of filing your taxes is right up there with the sense of relief you feel at the end of the last work day before a vacation. Ah, freedom. It’s temporary, but it’s nice.
It is easy to lump exemptions, deductions and credits into the same basket of tax-saving mechanisms, but they are distinctly different. Learn the simplified differences here.
Did you know that the type of investments you hold could also hand you a surprise tax bill and potentially ruin your IRA status? Learn more about this potential tax trap here.
Winging it on your taxes? You could be missing out on significant savings or worse yet, be endangering your finances and freedom by not knowing the basics.
If you’re like most Americans receiving a refund from Uncle Sam this year, you’ll use it to pay down some existing debt.
Tax-loss harvesting can minimize your capital gains tax bill. But because of a specific IRS rule, you might want to replace your security with an ETF to...
Your home is your castle, and it is also a potential source of tax savings. Learn what deductions are available to you for the 2015 tax year.
If you are looking for a good reason - or a good kick in the posterior – to get going on this year’s tax return, consider the following...