As the April 18, 2023 tax return filing deadline nears, many Americans are trying to get their tax situation in order. Given that many people will have more tax liability this filing season, such as ...

Each tax season, people look for tax deductions and credits to either lower their balance or increase their refund. One rather obscure deduction: A partner can be claimed as a dependent if they pass ...

If you’re providing significant financial support to your parents, you might wonder if you’re eligible for a tax break to help subsidize your costs. The answer to this question: It depends on several ...

Claiming a college student as a dependent can affect which education credits and tax benefits are available to the family and to the student. The outcome depends on factors such as income levels, ...

The Internal Revenue Service requires you to pay taxes as you earn income. If you’re self-employed and you overpaid your quarterly taxes, or if you’re an employee and withheld too much from your ...

Most parents claim their children as dependents on their taxes, but now an increasing number of Americans are claiming their parents, according to a recent survey. More than 54% of Americans aged 25 ...

Claiming dependents is one of the best ways to reduce taxable income. Parents can even claim their adult children if they meet IRS requirements. Discover More: 3 Sneaky Things You Didn’t Realize Your ...

With just a few days left to file your taxes, make sure you know how to claim the dependent care credit. Thomas is a native of upstate New York and a graduate of the University at Albany. As a former ...

The Supreme Court of Alabama's February decision, which ruled that embryos stored in a medical facility for fertilization purposes had the same rights as "born" individuals, will have far-ranging ...