Filing your tax return can be daunting, especially if you're new to the process. However, understanding the deductions and ...

I’m a huge fan of 529 college savings plans, but perhaps not for the reason you think. You see, I live in a state (Indiana), ...

The saver’s tax credit helps people who earn modest incomes save more for retirement. Learn whether you qualify for it and the advantages it can provide.

(or even yourself) in a tax-advantaged way. Although 529 savings plan contributions aren't deductible on your federal income tax return, they can be deducted on state income tax returns in many cases.

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the additional money. Fully refundable tax credits are just the opposite -- if your ...

Despite the risks and volatility, some families are investing in cryptocurrency to build wealth for their children.

Income tax and GST rates should be halved. I am saddened that this was not done,” Mr. Kejriwal said on X. For voters like Mr. Rajkumar, savings are a top priority. He and fellow residents ...

Nebraska State Treasurer Tom Briese and the Omaha Storm Chasers have announced the 23rd annual “Why I Want to Go to College” writing sweepstakes. Entries must be postmarked ...

Tax savings of Rs 40,000 Note: It is recommended by tax experts that individuals with a fixed salary evaluate their total exemptions and deductions under the previous tax system before finalising ...

No hike has been announced in the Section 80C deduction ... the Income Tax Act are – Employees’ Provident Fund (EPF), Public Provident Fund (PPF), ELSS mutual funds, 5-year fixed deposit either with ...