The most overlooked tax credits involve energy home improvements.” — Doug Throneburg, CPA, CFP and head of wealth management ...

Tax credits and tax deductions both help you save money on your IRS bills, but they are not the same.  Unfortunately, ...

a bigger child tax credit and a 20% deduction for pass-through businesses, among others. Extending individual and estate tax provisions would reduce revenue by $3.9 trillion over the next ...

Through February 2025, the average tax refund was $3,182. That's a 6.3% increase from the same period in 2024.

Here's a quick explainer on how tax breaks work, five different deductions the IRS offers for parents and what to know about ...

While an extension avoids late filing penalties and provides extra time for filing, an extension of time to file is not an ...

The amount you can deduct depends on whether the project impacts the entire home or just the office. Home office improvements, however, are not tax deductible as they are classified similarly to ...

The Tax Cuts and Jobs Act (TCJA), a massive overhaul of the tax code, is set to expire at the end of 2025. Here’s what could happen.

Yes! There are tax credits specifically for parents, from deductions for childcare costs, to exemptions for parents who are in the process of adopting. “To claim parental tax breaks, the ...