If you're considering grabbing a tax break by contributing to a traditional IRA before April 15, make sure that a Roth IRA wouldn't be better for you.
To avoid the traps that phaseout provisions lay out, in a few cases, it might make sense to earn less income.
Make sure you choose the federal tax form that best reflects your income, credits, deductions and breaks: 1040, 1040A or 1040EZ.
Here are the five tax credits that the most Americans relied on to reduce their tax bills, with some tips on whether you can claim them as well.
More than 27 million taxpayers were eligible for the earned income tax credit last year. Did you claim your share?
A government audit found that the IRS paid billions in invalid Child Tax Credits to taxpayers. Find out whether you're really entitled to this credit.
Once you have kids, you'll find that a lot of tax incentives are aimed at you. Find out which ones you should pay the most attention to.
You'll never find a better way than the Retirement Savings Contributions Credit to boost your retirement savings -- if you're eligible.
Employers, family members, friends, neighbors and tax breaks can help reduce the cost of child care -- which can be more than in-state college tuition.
By using these five tips, you can ensure that you'll get the maximum value from your 529 plan, and help your kids get the college education they deserve.
The more you rush to beat the April 15 deadline to file your taxes, the more you're likely to make mistakes that can cost you a lot of money and hassle.
It's no secret that raising kids is expensive. Fortunately, parents get a little bit of financial relief every April, thanks to income tax refunds from the IRS.
Last-minute filers shouldn't let the pressure to meet the April 15 IRS deadline to not follow the rules for getting an extension, taking credits and receiving refunds.
Here's how working parents and full-time students can get the IRS to cover some of their child-care expenses.
The American Opportunity Credit and the Lifetime Learning Credit can shave thousands of dollars off the cost of higher education, via credits on your federal income taxes.
This rare harmony holds the potential to reshape the debate on bridging the growing opportunity gap. Just don't count on Obama's proposal to pass without changes.
If you're wondering how to spend your tax refund this year, here are a few spending tips to help you get an even bigger refund next year.