Tax credits are subtracted directly from the tax you owe, helping you cut down your overall tax bill. Tax deductions also ...

Getting married changes the way you file your taxes, and not always to your benefit. Many people refer to the marriage tax or ...

Some taxpayers in California might get a $1,400 stimulus check soon, but it depends on 2021 tax returns. Here's what we know ...

Heading into Tax Day, if you listen to progressive policymakers for a few minutes, you’ll likely hear that few problems on ...

"There's no penalty for filing late when you're owed a refund," the IRS said. However, refunds must be claimed within three years of the original filing deadline—otherwise, the money becomes the ...

Yet there still is the IRS's 2022 pledge not to use any Inflation Reduction Act money to increase audits on people making under $400,000, and the tax agency's challenges following the pledge. "We will ...

The IRS reminds taxpayers to check their W-2s, 1099s and other tax documents carefully before filing. If something seems ...

Democratic Nevada Sen. Catherine Cortez Masto and other colleagues on Wednesday introduced a new bill in Washington, D.C., ...

A group of Democrats on Capitol Hill is calling for Congress to pass an expanded child tax credit, after the payments to parents expired in 2021.

Donald Trump proposes eliminating federal income tax, aiming to shift the financial burden from citizens to foreign nations.

In addition to higher thresholds for the standard deduction and the Earned Income Tax Credit, here are some credits you shouldn’t miss out on, according to the IRS: ...

Direct File can be used to claim the Earned Income Tax Credit and Child Tax Credit, but not much else. You also can't itemize deductions or report additional income, like capital gains or money ...