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

Penalty-free retirement distributions, casualty loss deductions and delayed tax filing and payments can all provide some ...

The IRS provides a student loan interest deduction that lets borrowers subtract some of the payments from their taxable ...

Depending on how much you spend on dental care during the year, you might be able to deduct a portion of your dental care ...

Tax season has arrived, and with it comes the question: to itemize or not to itemize? Every year, millions of American taxpayers must choose whether to take the standard deduction the Internal ...

A: The due date is Tuesday, April 15. As long as you have the April 15 postmark, your tax return is considered on time.

In addition, medical expenses must exceed 7.5% of your adjusted gross income in order to qualify for a tax deduction. The IRS defines adjusted gross income as “gross income — including wages ...

Free File tax credits and deductions The IRS Free File offers what ... Starting January 27, taxpayers with an AGI of $84,000 or above in 2024 can use the Free File Fillable Forms (FFFF).

Understand the difference between AGI and MAGI, crucial for tax deductions, credits, and eligibility. Learn more.

Taxpayers may submit returns to the IRS starting Jan. 27, 2025. Free filing services are available. Here's what you need to ...