The IRS brings good news for taxpayers: those eligible for the Earned Income Tax Credit (EITC) can enjoy significant tax ...

A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax ...

For salaried employees, if the allowable employment expenses are greater than the associated employment income, the net ...

Some give the impression America has been in perpetual crisis since at least the 1970s. It has not been, and Congress should ...

The IRS announced the date tax season will begin, along with key changes taxypayers will see this year. Here's what you ...

Some home improvements are tax deductible, but the IRS has strict rules about which are eligible. Find out if your project or ...

The IRS free Direct File program opens on Jan. 27 for taxpayers in 25 states. Here’s who qualifies for the 2025 tax season.

The tax brackets you fall into determine much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...

The reason Social Security can't go bankrupt or become insolvent is its primary source of funding: the 12.4% payroll tax on earned income. "Earned income" includes wages and salary, but not ...

The IRS recently announced that its Free File Guided Tax Software will be available for taxpayers beginning Jan. 10, ahead of the official opening of tax filing season later in January. Available ...

The Child Tax Credit for 2024 is a tax benefit that provides financial relief to families with qualifying dependent children.