IRS relief programs may reduce or eliminate tax debt for qualified taxpayers. Here's what experts say to know.

CPA personal financial planners’ ability to discern the story inherent in a client’s tax returns brings unique value to the ...

Strategies can include accelerating income recognition or deferring deductions, certain tax elections, and optimal use of AMT ...

Homeowners filing taxes jointly and single tax filers can deduct all payments for mortgage interest on the first $750,000 of their mortgage debt, or mortgage debt up to $1,000,000 if you're deducting ...

What's the Difference Between a Tax Credit and a Tax Deduction? As you file federal taxes, deductions and credits can help lower your tax bill – but they do so differently. Deductions reduce your ...

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your ...

Discover 16 last-minute 1099 tax deductions for independent contractors. From home office to business insurance, these deductions can save you money.

Every parent hopes their children will someday attend college and change the world. The reality is that not every child can ...

DAFs and private foundations go about helping charities (and those who donate) in different ways. Each comes with its own ...

I have questions concerning the deduction of money from my Social Security benefit amount as relates to the sale of investment property. I am 66 years old and have been drawing Social Security since I ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...

NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...