Tax tips and video homepage Browse all tax tips Married filing jointly vs separately Guide to head of household Rules for claiming dependents File taxes with no income About form 1099-NEC Amended tax return Capital gains tax rate File back taxes ...
Education tax credits like the American Opportunity Credit and Lifetime Learning Credit can significantly reduce the amount you owe in taxes. If you attend a college or trade school, you may be eligible to claim an education tax credit. Learn more about
Used electric vehicles are now eligible for a tax credit too: If you purchased a used EV or fuel cell vehicle from a licensed dealer for $25,000 or less, you’re not claimed as a dependent on someone else’s tax return, and you’re within the income limits, you may be eligible for...
Getting money back on your tax return is a great feeling. Turning your refund into a financial safety net is an even better one. Here’s how to do it. Learn More Article What To Do If You Get Audited By The IRS Subscribe today for money saving tips, bill pay resources, and to stay...
Federal income tax returns are due on April 15, but there are several other important dates to remember throughout the year. Kimberly LankfordJan. 27, 2025 Ways to Save Money on a Tight Budget If you’re living paycheck to paycheck, consider these strategies to save money. ...
When you prepare your tax return and are deciding on the standard deduction or itemized deductions, go the route that lowers your total taxable income the most. The single filer standard deduction for tax years 2024 and 2025 is $14,600 and $15,000, respectively; for married couples filing ...
No, soundcoreCredits are not earned on discounts or credits offered in connection with a product or service. 9. What happens to my soundcoreCredits if I return a product or cancel an order? If you return a product or cancel an order, the soundcoreCredits earned from that purchase will be ...
IRS seeking 1.1 million nonfilers who, in 2022, didn't claim a total of $1 billion tax refunds Tuesday, March 11, 2025 Collecting a refund is one of the reasons cited in my post on why you might want to file a tax return even if you aren’t legally required to do so. It ...
This pause on interest accrual has been extended to September 30th, 2021. On your 2020 tax return you can deduct the interest you paid between January 1st and March 13th, but it is likely much less than you paid in previous years. Watch episode 33 of my podcast to hear how a couple ...
You can claim the solar tax credit on your federal income tax return. You’ll need to complete IRS Form 5695 to calculate residential energy credits and attach the form to your return. The form includes instructions on calculating the credit, which factors in the system’s cost and the rooft...