Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

American families can get a significant cash boost by claiming the Child Tax Credit in their federal tax return for 2024.

The Child Tax Credit (CTC) remains a vital financial relief for families with children under 17 in the United States. As we ...

If you've been paying for health insurance premiums and want to know whether those payments are tax deductible, you're in the ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.