EducationCredit

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 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 big bang for your buck. Here are five of the most common tax credits: Credit for child and dependent care expenses. The credit for child and...

Tax credits are one sure way to put money in your pocket. A credit is a direct reduction of the amount of tax you owe, so it can be very valuable. Some of them are even refundable, meaning that you can get tax money back even if you didn't pay in. Three key tax credits are often overlooked by...

Education credits are available to those who are enrolled in post-secondary education leading to degrees. You can claim either the Hope Credit or the Lifetime Learning Credit, but both cannot be claimed in the same year. You can claim the credit for yourself, your spouse, and your dependents. If...

A tax credit is one of the most valuable pieces of the tax calculation that a taxpayer could have. After you calculate the amount of taxes you are supposed to pay, a credit is subtracted from that amount. So the credit directly reduced what you pay to Uncle Sam.A credit is better than a deduction,...