Making Work Pay credit

How to Calculate Tax Credits

How to calculate tax credits vs. deductionsTaxpayers 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

These five common tax credits can lead to a big refund this yearTax 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...

Who Loses Under the Tax Deal? The Working Poor

When President Obama defended his tax cut compromise with Republicans, he insisted that he was helping working people avoid taking a pay cut. But as tax experts look at the full package more closely, it has become clear that the working poor will actually end up losing money.

10 tax tips for seniors

senior tax tipsEvery year about this time, I receive a lot of mail from seniors who are confused about whether they should file a tax return. The confusion stems...