Taxes

The AOTC (American Opportunity Tax Credit) and the LLC (Lifetime Learning Credit) are both tax credits issued for eligible education expenses.

When checking your tax refund status, you may get a message to referring to "IRS Tax Topic 151." Is that good or bad?

A lot of homeowners feel they pay too much in taxes. Why are property taxes so high?

What does “Tax Topic 152” mean? Here's more about the IRS message some early filers have gotten when checking the status of their tax refund.

Do taxes pay for abortions? See how the oft-contested Hyde Amendment has limited Medicaid federal coverage of abortions for decades now.

The food stamps program, also called "SNAP," helps low-income households afford nutritious food. How is it funded, and do you pay taxes on the benefits?

How is excise tax different from sales tax? Learn about the difference now that U.S. senators are talking about a federal cannabis excise tax.

In 2021, there were many new investors who may have profited from their initial investment. Now, it has triggered a taxable event known as capital gains tax. What are the changes in 2022?

Many different tax deductions are available from education expenses to dependents and sometimes travel. Are moving and relocating expenses tax deductible?

Interest payments on multiple types of loans can be tax deductible. The interest on student loans is tax-deductible but what about the interest on car loans?

Donating to a church every week can add up to a decent amount of money. Is tithing tax deductible? Here are the IRS requirements for tithing.

If your property taxes have increased considerably, there are ways to challenge the increase. Here are some tips on how to protest property taxes.

If you’re wondering whether tax preparation fees are deductible, the answer depends on whether the expenses are for personal or business taxes.

Come tax time, crypto traders will be on the hook for capital gains and income taxes. In many cases, Coinbase reports user information to the IRS. You should too.

Is cosmetic surgery tax deductible? What about dental implants or LASIK? Here are the medical expenses that can be claimed as deductions.

Is COVID a natural disaster for taxes? See what the IRS and tax experts say about the disaster designation of the COVID-19 pandemic.

If you’re looking to get a higher tax refund in 2022, consider claiming these credits, when applicable. Learn how to make the most of tax credits.

There are different ways to calculate your cryptocurrency cost basis for capital gains taxes. We'll discuss two options—FIFO and LIFO.

Let’s figure out when it’s worthwhile to claim yourself as a dependent on taxes. How can you claim yourself as a dependent? There are some pros and cons to doing so.

Tax credits related to COVID-19 are meant to be exempt from federal and state taxes, but Alabama needs to pass a bill to exempt those funds from state taxation.

Capital gains taxes are a form of direct tax that's applied on the sale of capital assets. How do capital gains tax work? Let's take a look at what the tax involves.

As people track their refunds through WMR (Where's My Refund), some of them can't see the status bars when checking on 2021 refunds. Here's what you should do.

You got a jump on things and filed your taxes early. But after noticing an error, you wonder, “should I amend my tax return for a small amount?”

People are becoming alarmed after receiving notice CP80 from the IRS. It requests filers resubmit, but there are exceptions. Here is what you need to know and what it means for your taxes.

Want to save money doing your taxes this year? The mobile payment service Cash App offers tax filing that's entirely free to use. Is Cash App Taxes legit?

The IRS is delaying processing refunds for those claiming the EITC or ACTC in 2022. Processing will start in mid-February and refunds should be received around March 1.

Although the IRS is on track to process 2021 tax returns quickly, your refund still might be delayed. Why is the IRS still struggling to keep up?

Pet owners can't claim pets as dependents for tax purposes, mainly because they don't have Social Security numbers. However, there are some pet-related tax breaks.

If homeowners don't pay their annual property taxes, they could eventually lose their homes due to delinquent property taxes. How does a delinquent property tax sale work?

What happens if you already filed your taxes and forgot a W-2? Can you add a W-2 after you filed your taxes? Here's a quick fix and what to expect.

Child support isn't taxable income for the recipient. Also, it isn't tax-deductible for the parent paying it. Child support is regarded as tax-neutral by the IRS.

According to the IRS website, the agency won’t start issuing EIC tax refunds until March 1, 2022, or a few days earlier for those who have direct deposit set up.

If you’re looking to get more bang for your Bitcoin buck, consider moving to the crypto to Portugal. Why is Portugal a crypto tax haven?

Even though countries with the highest taxes are among the happiest, a recent survey showed that Americans don’t want to pay more taxes to be happier.

Logan Paul chose to move to Puerto Rico in 2021, but the practice is more common than you might think since it's a way for people to save on taxes.

Who pays the taxes on a gift? Learn more about when a gift is taxable, who’s responsible for filing a gift tax return, and what exclusions apply.

For people who work in one state but reside in another, reciprocal tax agreements might be important. What is a reciprocal tax agreement?

Tax deductions can help you reduce the annual taxes you owe or, even better, increase the amount of your tax refund. What are tax-deductible medical expenses?

Moving to a high-tax state might put significant pressure on your wallet. Here are the states with the highest taxes.

If you want to check your economic impact payment history, refer to letter 6475. Here's how you can get letter 6475 and other stimulus information online.