Tax Credit

The 5 Best Tax Breaks for 20-Somethings

Are you just starting out in the working world? Learn about the most valuable tax breaks for your education, your student loans and your future retirement.

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.

The 5 Most Asked Tax Questions

Whether your tax question is about claiming a parent as a dependent or deducting your books for college, an expert offers advice on them all.

Will You Get Audited This Year?

Claiming an excessive amount for charitable donations and forgetting to include a form are among the most common reasons for audits.

Tax Savings for Young People

Young taxpayers should plan these moves throughout the year to reduce their taxable income and earn more tax deductions. Here's where to find big savings.

Tax Savings for Empty-Nesters

Empty-nesters should make these moves throughout the year to keep their bill low at tax time. Here are the areas where you should look for savings.

Ways to Save on Taxes All Year Round

If you managed to claim every possible tax break that you deserved when you filed your return last spring, pat yourself on the back. But don't stop there. Here's why.

Don't Overlook These Tax Deductions

2013 was a great year for many investors, but there's a downside. All those market gains may have left you with a lot more income to report.

8 Tax Breaks Expiring at the End of 2013

April 15 may seem like a long way off, but with a little planning before the end of the year, you could take advantage of tax breaks to help you lower your tax bill.

More Than 600,000 Tax Returns Delayed Due to Filing Errors

The IRS said 10%, or more than 600,000, of the 6.6 million returns claiming education credits it has received so far this tax season were improperly filed by tax software providers. As a result, those refunds could be delayed for as long as six weeks.

Fiscal Cliff Averted: 6 Things You Can Stop Worrying About

After months of lead-up, America finally went over the fiscal cliff -- for about 34 hours, before a bipartisan compromise was reached. So, with an eye toward the bright side, here's are six things that you no longer need to worry about now that the fiscal cliff has been averted.

Presidential Debate Preview: What They'll Say About Taxes

In Wednesday's much-hyped debate between Barack Obama and Mitt Romney, few topics will loom larger than taxes -- a subject about which the two parties and their standard-bearers are fundamentally, philosophically divided. Here's what you're likely to hear.

A Radical Solution for the Social Security Crisis: Have More Babies!

In the debate over how to keep Social Security afloat, two proposals dominate: Either raise taxes or cut benefits. Neither is an attractive option, but one there is little-mentioned solution that could fix Social Security almost painlessly: Make more cute little Americans.

How to 'Cheat' on Your Taxes ... Legally!

Nobody likes paying the IRS, and we all wish there were just a few more deductions we could swing without arousing the taxman's ire. And there are: Here are a few deductions that, while they might seem to be a little out of bounds, are totally legal.

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.

What to Do First: Save or Pay Down Your Debts?

For many households, it's a personal fiance dilemma: Should they try to pay down debt first, or build up savings? In the aftermath of the Great Recession, opinions have clearly tipped toward the ditch-your-debt side. But that's not always the right answer.

How to get energy tax credits in 2011

If you think you may have missed out on energy tax credits because you didn't get to those energy-saving improvements on your 2010 to-do list, think...

Ethanol, the Next Generation: Corn Is Out, Cellulose Is In

It has become clear to politicians and scientists that corn-based ethanol isn't the solution for creating a home-grown fuel source. Enter "cellulosic ethanol," made from wood chips, weeds or algae: Is this the fuel of the future? A company called Mascoma is gearing up to prove it is.

GM Makes a Deal for Cheaper, Longer-Lasting Batteries

The automaker has licensed technology from the Energy Department's Argonne National Laboratory that will boost the performance of lithium-ion battery cells. The next-generation power packs will be made at a new plant in Michigan by Korea's LG Chem.