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.
Here’s what to know about records to hang on to and how long you should keep them.
Taxpayers can follow their refund online, by phone or with a smartphone app.
A new IRS form helps you figure tax withholding from your paycheck. But it’s not easy.
The IRS issued more than 111 million refunds last year. Here’s how much money was refunded.
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.
The federal government’s stance on same-sex marriages leaves couples without preferential property tax treatment.
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.
The housing rescue bill offers relief to homeowners and new buyers. Naturally, strings are attached.
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.