Earned INcome Tax Credit

6 Ways Singles Can Cut Their Taxes

Being single and being financially on your own makes it even more important to make smart money decisions -- such as one that minimize your taxes.

How Inflation Will Cut Your Taxes in 2014

When it comes to taxes, inflation's bite need not be too painful: The government makes adjustments to reflect the higher cost of living. Here's what you'll save in 2014.

5 Tax Credits You Can't Afford to Miss

By cutting your tax bill dollar-for-dollar, tax credits are a can't-miss way to pay less to the IRS. Here are five tax credits you need to know about.

What the 'Fiscal Cliff' Will Mean for You

The economy is rumbling along, out of control. Straight ahead, the road abruptly ends, yet the horses show no signs of slowing. Next stop: the fiscal cliff! Here's how the looming crisis will affect the average American family.

Senate Set for Symbolic Showdown on Tax Cuts

The Senate is bracing for a tax-cut showdown that is all about Democrats and Republicans showing voters their differences over taxing the well-off while accusing each other of threatening to shove the government over a fiscal cliff.

Last-Minute Tax Tips: How to Chose the Right Form to File

With just a week to go before April 17, it's crunch time for getting your taxes filed. If you're just now getting started, the first question you have to answer is which form you should use to file. Here's how to figure it out.

Who Really Gets the Lion's Share of Entitlements?

Conservative politicians have spent the past few months venting their ire on America's entitlement programs, and the alleged mass of lazy layabouts who make use of them. But a closer look at who actually lands in the social safety net reveals some surprising facts.

The Tax Break That Millions Miss Out On

There's a popular tax break out there that paid more than 26 million workers a total of nearly $59 billion last year. Yet as many as 1 in 4 of those who qualify for this tax credit failed to claim it, missing out on hundreds, or even thousands, of dollars. That break is the earned income tax credit.

Newlyweds, Don't Let the IRS Spoil Your Honeymoon

Getting married should be one of the happiest events of your life. But even if everything goes perfectly on your special day, the IRS may spoil the party. That's because getting hitched means big changes on your taxes. Here's a quick rundown of what you need to know.

Tax Time for Single Parents Can Be Doubly Aggravating

At tax time, being a parent comes with certain perks: the Child Tax Credit, the Child and Dependent Care Credit, a bigger Earned Income Tax Credit, among others. But while single parents have many of the same breaks as married parents, there are some they miss out on.

How to Calculate Tax Credits

Taxpayers often use the terms "deduction" and "credit" as though they're the same thing. They are not. They're actually very different terms, and...

Five Common Tax Credits Explained

Tax credits are popular ways to reduce your overall tax burden. Credits are dollar for dollar reductions in the amount of tax due, so it's a pretty...

Common tax credits explained

Tax credits are popular ways to reduce your overall tax burden. Credits are dollar for dollar reductions in the amount of tax due, so it's a pretty...