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

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

Tax season opened on January 27, meaning taxpayers can now file and pay their tax returns with the Internal Revenue Service.

Here's what college students need to know about filing taxes and how to make the most of some special tax benefits. Do College Students Need to File? The answer depends on their income and ...

With tax season right around the corner, it is necessary to know our income and expenses and how they affect our tax return.

Discover the little-known story of a group of college basketball players who were tasked with preparing Larry Bird, Magi | ...

Adjustment Amount (IRMAA) is an additional charge that high-income Medicare beneficiaries must pay on top of their Medicare ...

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

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

The main difference between tax avoidance and tax evasion is that tax evasion is illegal, while tax avoidance is perfectly ...

Contributing to an IRA is a smart move for retirement savings, but if you accidentally put in more than the IRS allows, you ...

If you're one of the many Americans still paying off your student loans, there's a special tax deduction you should know ...