Elevate your Bankrate experience
Get insider access to our best financial tools and content
Looking for the perfect credit card?
Narrow your search with CardMatch™
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.
Net income provides a more accurate account of the financial status. Here’s why.
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.
You can only deduct real estate losses to offset gains, but there are a couple of exceptions.
You have to meet certain conditions to get a break from the IRS on a short sale.
A ‘Lady Bird deed’ is a popular estate planning tool with tax and other advantages.
To figure your capital gain on the deeded home’s sale, you must consider these factors.
The distributions you must take from the inherited IRAs likely won’t impact your tax credit.
You need to meet 5 requirements to claim your parents as dependents.
Find out how one of the most popular tax benefits for families, an FSA, can help you.
More than 50 tax provisions have expired. Will Congress renew them?
You can report your home’s sale when the deed transfers, and postpone reporting the gain.
Uncle Sam wants you to have an energy-efficient home and helps pay for certain costs.