Tax Breaks

Many parents pay for child care or day camps while they work. If this applies to you, your costs may qualify for a federal tax credit that can lower your taxes. Here are 8 facts that you should know about the Child and Dependent Care Credit.

As a caregiver, you may qualify for a few tax breaks that can save you money, lower your tax bill, and provide some financial relief.

Individual taxpayers can’t deduct funeral or cremation expenses on their federal tax returns, but if the deceased person has an estate worth over $13.99M (for

The damage done by a natural disaster can be devastating, and it can take months or even years to recover. The IRS offers a certain

Unexpected events like natural disasters, accidents, or crime can turn your world upside down. Casualty and theft losses are significant financial impacts caused by unforeseen

Your medical expenses may save you money at tax time, but a few key rules apply. Here are some tax tips to help you determine if you can claim a tax deduction:

Tax credits are a type of tax benefit that lowers your income tax bill dollar-for- dollar and, in some cases, can increase your tax refund.

Tax credits and tax deductions are two different types of tax breaks. Both can lower your tax bill, but they work in different ways. Continue