Income can be in the form of money, goods, services, or property. Establishing what falls under taxable income or non-taxable income can be a little... ...  more>>

Unearned income is any income derived from sources other than employment or self-employment. more>>

Taxpayers are allowed the choice of either claiming the standard deduction, or itemizing deductions. Your deductions (standard or itemized) are... ...  more>>

The child tax credit is a credit given for each dependent child on your tax return, who is under the age of 17 at the end of the tax year. The child... ...  more>>

Millions of taxpayers overpay on their taxes every year because they do not take advantage of all the tax credits that they are entitled to.... ...  more>>

An individual retirement arrangement, or IRA, is a personal savings plan, which allows you to set aside money for retirement, while offering you tax... ...  more>>

The dependents for which you can claim an exemption on your tax return fall under two broad categories, Qualifying Child and Qualifying Relative. ...  more>>

Your personal exemptions, and the exemptions for your dependents, form a basic part of the U.S. individual income tax law. You are entitled to one... ...  more>>

Why not learn to do your own taxes, you will be suprised to discover how much you could actually save more>>

As a general rule, any amounts you invest in fixed assets for use in your business cannot be deducted in full in the year you incurred the... ...  more>>

Choosing the correct filing status is really the first step that you take in ensuring that you will end up with a properly prepared tax return. ...  more>>