TaxCredit

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.

Energy tax credit explained

solar panelsWe're having a real winter this year. As opposed to a few winters past, we've already seen several snows and have had the heater cranked up for...

Tax Tips: What is a tax credit?

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...