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

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

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

Remote work has radically changed our conception of "the office." The Pew Research Center estimates that 14% of all employed ...

Although Trump enacted the $10,000 SALT cap in 2017, he reversed his position last year on the campaign trail, vowing to “get ...

You may also qualify for credits for buying an electric vehicle, making clean energy home investments, buying your first home, or buying health insurance through the marketplace. A tax deduction ...

Depending on what you've spent, claiming your medical expenses can get you a bigger refund. We walk you through everything ...

The HOMES program was created to reward taxpayers who focus on making performance-based energy upgrades in homes. Per DOE guidance, upgrades must address at least one major upgrade related to heating ...

Tax credits and tax deductions both help you save money on your IRS bills, but they are not the same. Unfortunately, research from the Tax Foundation revealed that 64% of survey respondents didn ...

The Tax Cuts and Jobs Act, or TCJA, Trump’s sweeping overhaul of the tax code, is expiring at the end of this year. Here’s ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less.