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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.
Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.
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.
Personal credit card use is almost never eligible for a deduction come tax season, but if you’re using a business credit card you can likely deduct your fees.
If you give away lots of money during your life or after, taxes may be triggered.
Exemptions are like deductions. You can claim $4,050 each for yourself and family members.
The Work Opportunity Tax Credit helps veterans and certain other workers land jobs.
The garage construction doesn’t qualify for the energy tax credit, but these things do.
Want to put your vacation home to work? Rent it. Just make sure you follow the IRS rules.
You can’t avoid tax on the rental property sale, but other tax benefits may even things out.
For lower-income filers, money put away for retirement could cut today’s tax bill.
The Earned Income Tax Credit can get you more money than you paid all year.
You may be able to claim exemptions for your stepchildren from Mexico. Here’s how.
You can only deduct real estate losses to offset gains, but there are a couple of exceptions.