Here's what to know about a tax credit vs. deduction, including how each works and how they can reduce your tax bill and ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

It might feel as if the IRS taxes most of your hard-earned money, but some types of income are nontaxable.

Learn about tax attributes, which are reductions in tax credits, losses, and property basis when debt cancellation is excluded from taxable income.

Understanding your 1040 is the best way to legally minimize your taxes. Top tax professionals will tell you that effective tax planning needs to be proactive, not reactive. The best tax planning needs ...

Many taxpayers could see bigger refunds in 2026. From average refund amounts to delays, deductions, and credits, here’s what ...

The IRS has released the new income limits for federal income tax brackets for the tax year 2026. The brackets you fall into determine how much you owe at tax time. For 2025 returns, which will be ...

The IRS doesn’t care how old you are. If you have an income, it requires you to pay taxes, even if your first pimple hasn't appeared or you haven't learned to drive. So, while it’s exciting for kids ...

(NEXSTAR) — It’s official: 2025 will mark another year in which millions of Americans could take home more on each paycheck thanks in part to the latest inflation adjustments to the tax code announced ...

A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...