I am confused by an article in my local newspaper which said that “MAGI” (modified adjusted gross income), on which my Medicare Part B premium is based, is my Adjusted Gross Income, plus any ...

The Child Tax Credit (CTC) is a SUPER credit because it can create a $2,000 per child reduction in your tax liability for ...

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

Single individuals and married couples filing jointly can deduct the full $7,000 (or $8,000 if the contributor is 50 or older ...

While adding to your family is an exciting time, a new child also creates some costs you'll want to offset whenever possible. One money-saving move involves revisiting your tax situation. If ...

If you paid interest on your student loan debt in 2024, you may be able to deduct up to $2,500 from your taxable income.

If you thought all was lost, it's not, you have several solutions to cover your student loan in a timely manner, to the point of having a deduction that would clean up your taxes.

Here's what you need to know about taxes and investing in high-value real estate. Understanding capital gains tax Capital gains taxes are taxes you pay on profits you earn when you sell an asset, such ...

The Child Tax Credit (CTC) remains a vital financial relief for families with children under 17 in the United States. As we ...