IRS Direct File, offering free tax filing, returns with expanded features and eligibility, now reaching 25 states and 32 million Americans.

As tax season enters its last days, many Americans are eager to uncover ways to maximize their refunds. One opportunity that stands out is the Earned Income Tax Credit (EITC), a federal benefit ...

I have questions concerning the deduction of money from my Social Security benefit amount as relates to the sale of ...

South Carolinians would keep more money in their paychecks, but get a smaller refund when they file their taxes in 2027.

Under tax plan introduced by South Carolina House Speaker Murrell Smith (R), the state would go from having the region's ...

Here are IRA contribution limits, income limits and rollover rules for Roth, traditional, SIMPLE and SEP IRAs at a glance.

Learn what net income means for businesses and individuals, how it's calculated, and why it's a crucial financial metric.

The Inflation Reduction Act passed by Congress last year included enticements to go green, including a $7,500 tax credit for ...

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

Homeowners have two choices when claiming deductions to reduce their taxable income: the standard or itemized deduction. But ...

How does the IRS calculate Social Security taxes? The IRS uses a concept called “combined income” to determine how much of ...

By Russell Gloor, National Social Security Advisor at the AMAC Foundation, the non-profit arm of the Association of Mature ...