Many Americans have been under the misconception that income earned on foreign soil is not taxable here at home, especially if taxes are paid in the foreign country. And that's simply not true.
As the fall semester kicks off at colleges across the country, students and parents should be doing their homework on what educational expenses can be deducted.
Tax law changes often and quickly and can affect many unsuspecting taxpayers, luckily, the IRS is all over social media.
If you find yourself weighing filing for bankruptcy, you should know how the tax code applies to the situation.
There is a silver lining to student loan repayments: The interest paid can be written off.
If you itemize deductions on Schedule A of your tax return, you will be able to deduct a lot of related search expenses if certain conditions apply.
When it comes to investments, tax planning should play a major role. Here's how.
All Americans are now required to have health insurance or be subject to a penalty that will be paid on next year’s income tax return. But there's a tax credit available to many to help reduce...
The argument over the success of the home mortgage interest deduction isn't as black and white as it might seem.
The mortgage interest deduction is a major incentive to home ownership -- but it's also inherently unfair.