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Giving gifts can be a taxable event.

Some tax documents can go in the shredder after three or four years. Others you might want to hold onto forever.

Last week Internal Revenue Service commissioner John Koskinen reported to a congressional subcommittee about certain upcoming changes within the Internal Revenue Service.  Much of the discussion pertained to the IRS’s progress on the Affordable Care Act (ACA) and the impact of the new regulations for next tax season.

Tax law changes often and quickly and can affect many unsuspecting taxpayers, luckily, the IRS is all over social media.

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 coverage costs. 

There are many joys of becoming a parent, and even Uncle Sam provides motivation to build a family with tax credits. Here's what new parents need to know.

Not all tax professionals are created equal. Here's what you need to take into consideration when evaluating your current and prospective tax experts. 

Need more time to prepare your federal tax return? Here's what to do.

It’s common for children to receive financial contributions from parents, grandparents and other relatives to help secure a child’s financial future by funding investment accounts for them—but they come with tax implications.

If you find yourself scratching you head when filing your taxes, you aren't alone. Here are the answers to some commonly-asked tax questions. 

If you can hardly make ends meet every month, maybe it's not your spending habits. Maybe it's because of where you reside. 

All the changes to and interpretations of our tax code creates a lot of grey areas when it comes to filing taxes.

The deadline to enroll in health insurance under the Affordable Care Act is less than three weeks away, and the law could impact your future tax situation. Don't get caught off guard.

If you haven’t started preparing your tax filing yet, here’s some good news: experts say it’s not time to panic…yet.

If your tax return is pretty straightforward, there's no reason you can't file it on your own. In fact, the IRS provides software to help you do it. 

Tax strategy in retirement plays an important role in just how ‘golden’ life is after leaving the workforce.

Children 17 and younger can bring parents hefty tax deductions, but they better meet this seven-point test. 

As more and more Americans are completing their 2013 tax returns, they are waking up to just how big a bite the new taxes surrounding Obamacare are going to have. Here's how to reduce help reduce your taxable income to avoid some pain.

Beginning in 2014, individuals without health insurance for up to three consecutive months will face a penalty on their income tax return. Here's how to calculate it.

Here’s a look at the tax law changes that take effect this year, and how they may impact your return.