Tax Credits

Paying taxes is an inescapable part of modern life. That’s not to say you can’t find ways to pay less. In fact, the tax code features a number of credits and deductions that could significantly reduce your tax bill or dramatically inflate your refund. Tax credits are particularly valuable as they provide a dollar-for-dollar reduction […]

Tax season can be stressful and overwhelming. Unless you’re a numbers person who enjoys filing each year, completing your income taxes is a job you likely want to finish as quickly as possible. That impatience can lead to mistakes. Making small errors can be just as devastating to your tax refund as making big ones, […]

When discussing income tax, it’s easy to confuse similar-sounding technical terms. The boundaries around tax exemption and tax deduction are particularly blurry. Although these two types of reductions tend to be used interchangeably, they have separate structures and operate under distinct criteria. Recognizing the differences between exemptions and deductions will help you gain a better […]

Learn what to do if you’ve changed your address or need an extension. Take action if you think you may have been the victim of identity theft. Find out how long it will take to get your refund. Tax season has a reputation for being a high-stress, confusing time of year. IRS rules and regulations […]