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

Traditional IRAs offer the potential for tax deductibility in the present, while Roth IRA contributions are made with ...

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

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

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 ...

For tax year 2024 (filing in 2025), the child tax credit is worth up to $2,000 for each qualifying dependent child who was ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

Navigating the financial landscape as a student in the United States can be challenging, especially with the burden of ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...