A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

Ohio families with young children could get $1,000 tax credits if the state raises cigarette prices and lets smokers foot the ...

The Internal Revenue Service has launched a campaign highlighting a tax break for Massachusetts workers worth up to $7,830.

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

As the tax deadline looms many folks are beginning to take a closer look at their situation regarding their taxes and ...

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

Several tax breaks, including the Child Tax Credit, may face reforms or be cut entirely as lawmakers seek revenue for Trump’s ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

The IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and the ...

While adding to your family is an exciting time, a new child also creates some costs you'll want to offset whenever possible. One money-saving move involves revisiting your tax situation. If ...

The Child Tax Credit for 2024 is a tax benefit that provides financial relief to families with qualifying dependent children.