The tax filing deadline is coming up on April 15, but it’s not too late to reduce what you owe on your 2024 federal income tax return. There’s still time to lower your tax bill, or even increase your ...

A long list of other tax breaks, including the child tax credit, the American Opportunity Credit and the adoption credit, are ...

You can convert your traditional IRA or 401(k) savings to a Roth. You’ll have to pay taxes on the money you convert now, but you won’t pay taxes on that money when you withdraw it. And that can reduce ...

You have until April 15 to file your 2024 taxes. As the name implies, nearly all of what matters when it comes to your return happened last year. The various paperwork you'll have to go through over ...

To effectively reduce your tax liability, you must understand how to navigate the labyrinthine IRS tax system. Essentially, the only way to achieve a decreased tax burden is by reducing your taxable ...

After decades of working and contributing to the Social Security system, many retirees assume that the benefits they've earned are exempt from federal income tax — but unfortunately, that's not always ...

Workers can reduce their tax bill by saving for retirement in tax-advantaged accounts. Traditional retirement accounts offer an immediate tax deduction, while Roth accounts provide tax-free income in ...

New tax law changes bring significant green energy credits and enhancements to the SECURE Act, allowing more robust retirement contributions. Entrepreneurs can reduce tax liability with strategies ...

Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. Taxes can feel overwhelming, especially when it comes to tax brackets. In this article ...