Our tax calculator, like others, can only estimate your federal tax liability. To get the exact figure, you need to complete your tax return. However, using a tax calculator before you sit down to ...

These four moves can reduce your taxable income and cut your taxes Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry.

Both federal and state governments give tax credits, such as the Child Tax Credit or Lifetime Learning Credit, in order to sustain and benefit the economy. A federal tax credit is granted by the ...

Knowing your taxable income (the amount of your income subject to federal tax that you must report on your federal tax return) is important for several reasons. The IRS requires that you report ...

To choose the correct filing status for your income tax return, start by determining your marital status at the end of the year. Choosing your filing status depends on your income and potential ...

The federal child tax credit (CTC) allows eligible parents and caregivers to reduce their tax liability and might result in a tax refund. However, not everyone can claim the credit, and credit ...