When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...

Here's what college students need to know about filing taxes and how to make the most of some special tax benefits. The answer depends on their income and whether they had employers withhold taxes ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

The Internal Revenue Service (IRS) has issued a raft of reminders regarding changes for some tax filers. Why It Matters Tax ...

A cheat sheet on contributing to, withdrawing from and converting 401(k)s, traditional IRAs, Roth IRAs and other funds.

Retirement account withdrawals and earnings from a job may not be the only taxable income you have, either. The federal ...

Now that 2024 has come to a close, investors are starting to think about 2025’s investments. However, to get a clear picture of how your investment strategy might play out, you need to know the ...

The GOP leadership in the House has proposed eliminating two education tax credits to save the government $85 billion over 10 ...

The IRS gets copies of all the 1099s and W-2s you receive. This includes the 1099-R (reporting payouts from retirement plans, ...

In 2025, the IRS increased several key tax credits, providing taxpayers with greater opportunities to save. Whether you’re a ...

Medicare beneficiaries with income over a designated amount are required to pay a monthly fee in addition to their Medicare ...

Investors who hold assets in taxable accounts—as opposed to tax-favored retirement accounts such as IRAs or 401(k)s—are ...