Tax season is the perfect opportunity to reduce your liability and maximize your refund—if you know where to look. The…
When it comes to reducing your tax liability, timing truly is everything. By strategically planning when you incur or pay…
The Saver’s Credit—officially known as the Retirement Savings Contributions Credit—is a little-known but powerful tax break designed to reward low-to-moderate-income…
Paying for higher education in the U.S. can be expensive, but the Internal Revenue Service (IRS) offers valuable education tax…
The Adjustments Section of IRS Form 1040, specifically Lines 10 through 15, plays a crucial role in reducing your total…
Gambling winnings are considered taxable income by the Internal Revenue Service (IRS), and they must be reported on your federal…
Unemployment benefits can be a critical financial lifeline for individuals who’ve lost their job. However, many recipients are surprised to…
Investments are a powerful way to build wealth, but when it comes time to sell, the tax implications can have…
Being a parent is rewarding—but also financially challenging. Fortunately, the U.S. tax code provides several generous tax benefits to ease…
The Student Loan Interest Deduction is a valuable tax benefit available to individuals who are repaying qualified student loans. This…
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