Tax Credits

A tax credit is an incentive that lets a taxpayer reduce the total amount of tax owed. Find out which tax credits are available to you.

Tax Basics

Find your income tax bracket and learn how to calculate your marginal tax rate and effective tax rate.

Filing taxes for the first time may seem daunting, but it’s usually fairly simple. Here’s what you need to know.

If you owe money to the IRS, you have options for sending in that payment. Here are 9 ways to make a tax payment.

Home sales may incur capital gains taxes. Here’s how to keep as much profit in your pocket as possible.

American Opportunity Tax Credit: What it is, who qualifies, how to claim it

The American Opportunity Tax Credit is worth up to $2,500 if you’re paying for qualified educational expenses for yourself or a dependent.

4 min read Feb 23, 2025
10 easy tax deductions and credits to cut your tax bill

These 10 tax credits and deductions can help you trim your tax bill and, in some cases, even boost your refund.

6 min read Jan 27, 2025
Child and dependent care tax credit: How it works, who qualifies, and how much it’s worth

The child and dependent care tax credit can help parents recoup at least some of the steep costs of child care.

5 min read Jan 10, 2025
The Lifetime Learning Credit: How it works, income limits, and more

At tax time, the Lifetime Learning Credit can help you save money on education costs.

3 min read Jan 03, 2025
Can I get an education tax credit if I paid with a 529 plan?

If you plan carefully, you may be able to benefit from a 529 plan and tax credits.

4 min read Nov 11, 2024
$4,000 travel tax credit? Here’s how the ‘Explore America’ stimulus proposal could fund your next vacation

Here’s what a proposed tax credit for travel could mean for you.

4 min read Jun 24, 2020
Can I defer passive activity loss to next year if earnings are too high?

You can only deduct real estate losses to offset gains, but there are a couple of exceptions.

2 min read Feb 16, 2016