A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

Tax credits and tax deductions both help you save money on your IRS bills, but they are not the same.  Unfortunately, ...

One of the biggest advantages of filing as head of household is the higher standard deduction. For the 2024 tax year, heads ...

Often federal tax returns are denied because of errors made by the taxpayer. These errors are often easily fixed if ...

The Educational Choice for Children Act of 2025 would ostensibly provide a tax break on charitable donations to organizations ...

A s the tax season looms, it's crucial to understand the tax credits that can help reduce your financial obligations to the ...

Explore the tax benefits of reverse mortgages, including strategies for Roth conversions and delaying Social Security.

For a guy who grew up in a log cabin, Abraham Lincoln was pretty savvy about real estate.

The tax deadline on April 15 is fast approaching and just about everyone gets stressed out about filing their taxes – ...

Many are talking about claiming a 2021 recovery rebate credit. But do you qualify? And what do you need to do to claim it?

Here’s how to claim the child tax credit. Parents and guardians who make less than $200,000 a year ($400,000 if filing ...

Tax credits also have another unique feature. They are sometimes refundable. This means it may actually be possible to get more back from the IRS than you paid in. For example, a portion of the ...