In addition to a potential idea to make graduate student scholarships and fellowships fully taxable, a GOP proposal suggests ...

From summer camps to smart home devices, here are four categories of expenses to consider adding to your list.

Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

Tax expert Turon Kendrick shares essential advice, emphasizing the importance of early but complete filing, ensuring all tax ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax deduction, which simply lowers your taxable income. In some cases, a tax ...

The less money you lose to taxes, the faster you can build wealth. But tax planning is a game with its own complex rules and ...

Tax season officially begins Monday when the Internal Revenue Service (IRS) will begin accepting returns for the 2024 tax year, but taxpayers should be aware of deductions and credits that could ...

called the Lifetime Learning Credit, has similar requirements and income limits but is non-refundable and capped at $2,000 per tax return. This tax credit covers tuition costs for any post ...

child tax credit, unemployment income, student loan interest, tuition and fees, certain retirement income, lifetime learning credit, and American opportunity tax credit. See full list of supported ...