EITC explained: Insights on the earned income tax credit The earned income tax credit (EITC) is a federal tax credit designed to provide financial assistance to low-to-moderate-income workers. Learn who qualifies and how it works.
What are Roth IRA taxes & how do they work? Roth IRAs have unique tax benefits for investors, including tax-free growth and withdrawals. Learn how Roth IRAs work and how they compare with other tax-advantaged retirement accounts.
Tax credits: Everything you need to know A tax credit is a dollar-for-dollar amount taxpayers claim on their tax return to reduce the income tax they owe.
Tax season snapshot: Take advantage of these new tax breaks Keep these changes in mind when preparing returns to help maximize refunds or lower amounts owed.
How home prices can trigger “mansion tax” Whether a dream home is a "mansion" can depend on price, rather than size.
Are political contributions tax-deductible? Political contributions are not tax-deductible. This applies to a wide range of donations associated with politics. Learn more about key considerations.
Is social security taxable? Is your Social Security income taxable? The answer isn't exactly a simple one.
How to avoid capital gains tax Capital gains taxes are owed when an asset is sold for more money than was paid for the asset. Learn more about capital gains taxes and how to avoid them.
Do you need to make estimated tax payments? If you receive income such as interest, dividends, alimony, self-employment income, capital gains, or prizes, you may have to make what the IRS terms “estimated tax payments.”
Unraveling the 403(b): Eligibility, withdrawal rules & taxes A 403(b) plan is similar to a 401(k) plan with a few exceptions. Here's how 403(b) plans work, as well as the pros and cons of investing in this type of retirement plan.
Required minimum distributions (RMDs) Required minimum distributions (RMDs) require retirees to start withdrawing money and paying taxes on withdrawals when they reach a certain age. Learn how to calculate your RMDs.
IRS Direct File: How it works and who is eligible Direct File is a new tax tool to file federal taxes directly with the IRS. The online offering is currently available for more than 30 million eligible taxpayers.