Tax Planning

Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit. Filers will get $1,600 less in credit for 2022 for each qualifying child under age 17.

Starting in 2024, Americans can make tax-free rollovers of eligible 529 plan funds to a Roth IRA in the same beneficiary’s name. Here's what that means for you.

There are a number of notable changes taxpayers should be aware of in the 2023 tax year as the IRS updates brackets, caps, and thresholds to account for inflation.

Automakers are reminding customers that they can enter binding purchase agreements for electric vehicles that will lock in the current tax credit before the IRA goes into force.

Planning ahead for next year's tax season can save you money and headaches. An expert provides tips on what you can do now to put yourself in a good position the next time you file.

Taxpayers can file through paperless services, a professional or by mail.

There are tax benefits to claiming an elderly parent as a dependent. But can you do it?

There are just a few days left in the 2022 tax season, but millions of Americans still need to file their returns to the IRS.

Some tax-filers may be in for a shock.

There are a host of tax breaks available to filers in the form of both deductions and credits.

The 2022 tax season is swiftly coming to an end, but IRS Commissioner Chuck Rettig warned on Thursday that many taxpayers could see delays in their refunds as the agency confronts a worker shortage and severe backlog of unprocessed returns.

If you're worried about owing taxes because of your stimulus money, here's what you need to know.

Does the IRS owe you money? Here's one group that needs to act fast.

While some parts of the U.S. tax code may be fairly straightforward, there are some exceptions you should be aware of in case it applies to you.

Step one: Don't panic. Instead, follow directions.

Meanwhile, all it takes is staffing issues at the IRS to cause filers to have to wait an extraordinarily long time to get the refunds they're owed, since paper returns have to be processed manually.

Many of us pledge to tackle our taxes early every year, only to land in a scenario where instead, we're running up against the deadline and aren't ready with our returns.

If you're an educator, make sure you're not missing out on some tax savings.

The 2022 tax season is swiftly coming to an end, with the IRS already delivering more than 50 million refunds.