One of the biggest mistakes you can make is missing the tax filing deadline or, worse, not filing at all. The IRS imposes ...

Since we withdrew money from our 401(k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks, ...

Tax season has arrived, and unless you're planning to file an extension, it's time to get started. While taxes are always ...

For example, some taxpayers opt to ignore IRS notices completely, hoping the problem will somehow disappear. Others rush to ...

NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...

We asked her about the most common personal deductions you could be missing out. On if you don't itemize out of pocket medical expenses, state and local taxes. Another big one is mortgage interest ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...

Here are six common homeowner tax deductions to note. Mortgage discount points are fees paid to lenders at closing for the purpose of reducing a loan's interest rate. The IRS allows deduction of ...

If you've moved abroad, there's always one thing that brings you back home: taxes. Americans are subject to US taxes no ...

The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a minimum level of tax, regardless of deductions and credits that might otherwise ...

The idea of getting a tax credit for a car loan sounds good in theory, but will it offset the big hit you're going to take from tariffs?