Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

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

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

About one in five eligible filers overlook this credit, the IRS said. Certain filers can receive up to $7,830 more back in ...

The child tax credit provides big benefits for families with children, but you may have to wait a bit longer for your tax ...

Several lesser-known tax credits could help you save even more money. Here are a few you should know about before filing your ...

The Democratic leader also introduced a bill this session which would increase the state’s minimum wage from $7.25 an hour to ...

The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the federal deadline. The ...

Receiving a tax refund is one of the most anticipated events of the financial year. It is an opportunity to strengthen one's ...

While it's common for people to carry debt, if you aren't keeping up payments on it, you can be subject to wage garnishment, ...

On this week's episode of the Forbes Tax Breaks Podcast, Forbes Senior Writer and tax attorney Kelly Phillips Erb discusses ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...