Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

I am confused by an article in my local newspaper which said that “MAGI” (modified adjusted gross income), on which my Medicare Part B premium is based, is my Adjusted Gross Income, plus any ...

Gross income is an average of 2020 to 2022 items on your income tax return. However, we must wait on USDA for regulations to ...

The Child Tax Credit (CTC) is a SUPER credit because it can create a $2,000 per child reduction in your tax liability for ...

The problem is that depending on your income, you may also be paying taxes on your Social Security benefits as a retiree. And ...

It’s getting to be that tax time of year! Filing taxes, like paying taxes, may not be an enjoyable to-do, but receiving a ...

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 ...

However, investors should be aware of two important changes in 2025. First, the income limits for traditional IRA deduction limits have increased. Second, the income limits for Roth IRA eligibility ...

The 2025 tax season has officially opened, so cue the groans…OK, that’s enough — let’s get busy! The IRS expects more than ...

According to state’s Revenue and Fiscal Affairs office, 44% of South Carolina’s tax filers don’t pay any state income tax.

A new bill would tether state funds to students moving from public schools to private schools.

Filing a tax return is required for you to receive a tax refund, but filing a return doesn't guarantee you'll receive a tax ...