The home mortgage interest deduction allows homeowners to deduct interest paid on qualifying mortgage...
Dependents are individuals you support financially and can claim on your tax return to lower your taxable...
Alimony is financial support one ex-spouse pays another after divorce or separation. Knowing how alimony...
The Earned Income Tax Credit (EITC) helps lower-income workers and families reduce their tax bills and...
Tax credits and tax deductions reduce your tax bill in distinct ways. Knowing the differences can help...
The Credit for Other Dependents offers up to $500 for supporting qualifying relatives who don’t meet...
The commuter tax benefit allows employees to pay for qualified transit and parking expenses with pre-tax...
An Adoption Taxpayer Identification Number (ATIN) is a temporary IRS-issued nine-digit number for children...
Itemized deductions allow taxpayers to list eligible expenses on their tax returns to potentially reduce...
Choosing between the standard deduction and itemized deductions can significantly impact your tax bill....