Tax guidance and resources

Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.

Taxes Basics

What is adjusted gross income (AGI)

Your adjusted gross income, or AGI, is your gross income minus a handful of items. Here’s how it works.

Adoption tax credit: How it works

The adoption tax credit can go a long way to reducing the costs of adopting a child. While it’s not refundable, you can carry it forward to future tax returns.

Tax documents you'll need to file

Don’t miss these important tax statements, which will arrive via email or snail mail.

What is Schedule C?

Schedule C is for sole proprietors, including freelancers and independent contractors, to report their income and expenses.

Editor's Picks

Latest Articles

File taxes online: Tools, tips, deadlines and more

Here are four tools you can use to file your taxes online, plus tips, deadlines to remember and more.

6 min read Jan 19, 2025
Best tax software of 2025: Find the best tax service for you

Choosing a tax software provider can be challenging. Here are our four top picks.

9 min read Jan 19, 2025
Trump’s External Revenue Service: What this proposal for collecting tariffs could mean for you

President-elect Donald Trump plans to create an External Revenue Service. Here’s what that might mean for you.

2 min read Jan 15, 2025
Bonus tax rate 2025: How bonuses are taxed

Employers can choose one of two options when calculating taxes on your bonus. Here’s how bonuses are taxed.

4 min read Jan 13, 2025
Standard deduction vs. itemized deduction: Pros and cons, and how to decide

You have to do some math to choose between claiming the standard deduction and itemizing, but it’s worth it.

4 min read Jan 11, 2025
Child and dependent care tax credit: How it works, who qualifies, and how much it’s worth

The child and dependent care tax credit can help parents recoup at least some of the steep costs of child care.

5 min read Jan 10, 2025
Itemized deductions: What they are, how they work, and are they right for you?

Itemized deductions are expenses that can reduce your tax bill.

4 min read Jan 09, 2025
IRS Free File will open Jan. 10 — here’s how it works and who qualifies

The IRS is opening its Free File program on Jan. 10 this year. Here’s how to qualify.

2 min read Jan 08, 2025
Tax credits vs. tax deductions: What’s the difference?

Tax credits and tax deductions can both be valuable at tax time, but it helps to know how they differ.

3 min read Jan 07, 2025
The Lifetime Learning Credit: How it works, income limits, and more

At tax time, the Lifetime Learning Credit can help you save money on education costs.

3 min read Jan 03, 2025
10 key tax terms to help you cut through the jargon

Knowing these 10 key tax terms can help make it easier to do your taxes.

4 min read Jan 03, 2025
All of the federal tax forms, publications, schedules, and instructions you need to do your taxes

We’ve compiled links to all of the IRS tax forms, publications, schedules, and instructions you need to file your taxes, including Form 1040 and many more.

20 min read Jan 02, 2025
Some taxpayers to get $1,400 payments for unclaimed stimulus tax credit

The IRS will send an estimated $2.4 billion to taxpayers who didn’t claim the recovery rebate credit on their 2021 tax returns. About 1 million taxpayers were eligible for the credit but failed to claim [...]

2 min read Dec 23, 2024
Medical expense deduction: How to claim medical costs on your taxes

You may be able to deduct certain medical expenses if they meet IRS requirements.

3 min read Dec 21, 2024
How long to keep tax returns and other IRS records

In many cases, keeping tax records for three years is sufficient, but there are exceptions.

3 min read Dec 20, 2024
Marginal tax rate: What it is and how to find yours

The marginal tax rate is the highest income tax rate you’ll pay on your income. Because the U.S. has a progressive tax system, different tiers of your income are taxed at different rates. The marginal [...]

5 min read Dec 18, 2024
7 tips to prepare for next year’s taxes now

Now’s the time to start preparing for the upcoming tax filing season. Here are 7 tips to get you on track.

4 min read Dec 18, 2024
TaxSlayer review 2025 (tax year 2024)

TaxSlayer offers low-cost tax software, even for people with complex tax situations.

3 min read Dec 11, 2024
H&R Block review 2025 (tax year 2024)

H&R Block is the best bet for those who qualify for the free edition or those who want in-person expert help.

3 min read Dec 11, 2024
TurboTax review 2025 (tax year 2024)

TurboTax offers comprehensive yet easy-to-follow tax filing software, but at a higher price than competitors.

4 min read Dec 11, 2024

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