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A tax credit is an incentive that lets a taxpayer reduce the total amount of tax owed. Find out which tax credits are available to you.
Learn how these differ and how they both can impact your budget.
Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.
A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.
The bill proposes making the credit permanently fully refundable. Here’s what to know.
Saving for the future is of paramount importance to all Americans. Luckily, we all have a rich uncle to turn to for some help. His name is Uncle Sam.
The IRS rules for claiming a dependent seem simple, but proving it can be complex.
The child care credit is not meant to subsidize education, but to allow parents to work.
When figuring whether or not per diem is taxed, take into account your ‘tax home,’ says CPA George Saenz.
Figuring whether to include casino comps as taxable income is like playing roulette.
The deduction for investment interest is limited, but disallowed investment interest can be carried forward on future tax returns.
Income limits rule for spouses who want to contribute to a deductible IRA, says CPA George Saenz.
You may have to itemize on your tax return, but your gifts to others might just give you a smaller IRS bill.
If you paid foreign taxes, you have a choice on how to use them to cut your U.S. tax bill.
A mismatch between a name and a Social Security number on a tax return could mean costly problems.