While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

Thankfully for small business owners, there are a handful of really good tax credits that you can take advantage of for the ...

Saver's Credit (Retirement Savings Contributions Credit): Encourages low- and moderate-income taxpayers to make contributions ...

Claiming dependents is one of the best ways to reduce taxable income. Parents can even claim their adult children if they ...

Here's a quick explainer on how tax breaks work, five different deductions the IRS offers for parents and what to know about tax deadlines.

A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as ...

The U.S. tax code didn’t get to be 74,000 pages long without getting a little confusing. But don’t throw up your hands just ...

We’ll also explain how to claim a dependent on your federal tax return, as well as some tax credits and deductions you could qualify for if you’re eligible to claim dependents. A qualifying ...