The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

Federal tax credits come in a number of flavors, including refundable, nonrefundable and partially refundable. Here’s what you should know heading into tax season.

Your taxable income is the portion of your income subject to federal tax, and it’s important for several reasons. To start, your taxable income amount determines your tax bracket and marginal tax rate ...

Taxes are inevitable, but most people would probably rather not hand over a portion of their hard-earned money to the government. Fortunately, there are plenty of legal ways to lower the amount ...

Family-related tax credits can help ease the cost of raising a family and put money back in your pocket. Here’s what you should know about the tax credits, including qualification details and how to ...

Managing capital gains tax liability can significantly reduce your tax burden. Here are some ways to get started. Many, or all, of the products featured on this page are from our advertising partners ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

To get a new tax break included in the One Big Beautiful Bill Act, some seniors need to lower their taxable income. Annuities can help do that. MEDFORD, OR / ACCESS Newswire / January 8, 2026 / The ...

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...

Retirement taxes often come from Social Security, withdrawals, and property costs. Learn practical ways retirees may lower ...