The standard deduction nearly doubled as a result of the Tax Cuts and Jobs Act, which went into effect in 2018. For taxes ...

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

There are several tax deductions for homeowners, from interest paid on your mortgage to specific home improvements. Find out ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

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

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

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

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

Here are the tax brackets for 2024, which are the taxes you pay in 2025. Income tax is progressive: the more you earn, the ...

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