The Earned Income Tax Credit, or EITC, provides tax relief to millions of low- to moderate-income Americans, although the IRS estimates that one in five eligible taxpayers don’t claim it on ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer ...

Shomari Figures is the newest member of Alabama’s delegation, and one of two Democrats — the most the House has had from his state in nearly 15 years. Figures ran for Congress after a federal ...

Commissions do not affect our editors' opinions or evaluations. When you fill out your annual federal income tax return, you can either take the standard deduction or itemize deductions to reduce ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...

FG Trade / Getty Images Claiming a son or daughter or other dependent can lower your tax bill in 2025 in four key ways. You don’t want to miss out on these important tax-saving opportunities.

WASHINGTON, DC - FEBRUARY 13: A sign for the Internal Revenue Service (IRS) is seen outside its ... [+] building on February 13, 2025 in Washington, DC. (Photo by Kayla Bartkowski/Getty Images ...

He hosts the popular right-wing and pro-Trump podcast "The Dan Bongino Show." President Donald Trump's administration is continuing its radical effort to cut much of the federal government and ...

If you've been considering buying an EV and want a good deal thanks to government tax credits, you have some added homework to. That's because a big tax break that could save you money faces an ...

Income tax credits directly reduce a taxpayer's liability, potentially to zero, and some can even result in a refund. Key credits include the Saver's Credit for retirement contributions ...

As President Donald Trump’s administration continues to make aggressive cuts across the federal government, one agency being hit hard is the Internal Revenue Service. More than 6,000 IRS ...

Years ago, I worked as a U.S. government lawyer representing the Internal Revenue Service. Recently, as news broke about the first round of mass firings of thousands of IRS employees, I found ...