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

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

The child tax credit provides big benefits for families with children, but you may have to wait a bit longer for your tax ...

Tax season is in full swing, and the IRS anticipates that 140 million individuals will file returns by April 15. Here's the ...

Several lesser-known tax credits could help you save even more money. Here are a few you should know about before filing your ...

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

Tax credits are classified as either nonrefundable, fully refundable or partially refundable. Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0 ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

It’s getting to be that tax time of year! Filing taxes, like paying taxes, may not be an enjoyable to-do, but receiving a ...

It’s tax season, which means Michigan residents will be looking for all the ways to save or increase their refund.

The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the federal deadline. The ...