Tax credits for homeowners don't require you to itemize. They directly reduce the amount of taxes you owe, and you can ...

A custodial Roth IRA is a retirement account for minors that allows for tax-free growth. It provides all the benefits of a regular Roth IRA, but it’s geared toward kids and requires an adult to set up ...

Many successful business owners attribute some part of their success to their community. For some of these owners, it is not enough to ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

People will spend an average of $290 on filing their tax returns this year, according to IRS estimates. Individuals will pay $160 on average for tax prep, while the typical business owner will pay ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

And I expect that occasionally you've encountered clients who made a change at one point but then reverted back to a previous tax status to get the most advantageous tax outcomes for their current ...

These days, there are a number of free options for filing your tax return, and many of them offer guided support to help you ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...