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

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 ...

At the crack of dawn on Tuesday, a Democratic-led Senate subcommittee rejected or delayed several of Gov. Glenn Youngkin’s ...

Navigating the complexities of tax season can be daunting, especially when deciding between a tax deduction or a tax credit.

To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by reading through your tax return.

Tax credits are often more valuable compared to deductions because they directly reduce your tax bill dollar-for-dollar.

The Virginia House and Senate introduced budget plans that forego Gov. Glenn Youngkin’s proposed car tax credit and ...

Tax season may never be seen as fun, but this year provides Washington a perfect opportunity to make it less confusing.

Home equity loans and lines of credit can be invaluable tools to convert ... And they can be an income tax deduction, along with other state and local taxes. As with all of these other tax breaks ...

Virginia Democrats have slammed the brakes on Gov. Glenn Youngkin’s push for tax cuts, rejecting most of his budget proposals ...

Now that President Trump is back, he made a lot of promises about tax law that he is expected to move forward in Congress.