If you have more than one filing status that you qualify for, it's up to you to pick the one that reduces what you have to pay in taxes the most.
While there's only so much you can do to make your taxes easier this year, there are steps you can take now to pave the way to lower taxes in future years.
If you live with someone, he or she might qualify as a dependent on your income taxes. Read on for how the IRS defines this situation.
There are several requirements your workspace must meet to be considered a legitimate home office. Here are tips on how to claim an home-office deduction.
The current tax advantages of 529 college savings plans should continue to help students avoid being crushed by debt. Let Obama know how you feel.
Let's look at the five most popular tax deductions. Most taxpayers take the standard deduction, but maybe this year is different for you.
Tax day is less than three months away. If you want to avoid the last-minute scramble, here's a look at the five things you should do now to prepare.
Small business owners receives dozens of legal deductions because the tax system encourages startups, which can create jobs and wealth.
It's enrollment season for health insurance and a good time consider the Flexible Spending Account and the Health Savings Account. Is either right for you?
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.
Weigh the mortgage interest deduction, the ability to leverage real estate and options for your cash before picking how much cash to use in buying a home.
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.
Itemized deductions can really cut your tax bill, and you know the big ones like mortgage interest. But you may not know about professional dues or safe deposit box rentals.