Learn the difference between tax credits and tax relief, how credits reduce taxes owed and how IRS programs help manage tax debt.

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...

A practical walkthrough of individual tax-planning essentials ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You filed your ...

If you've filed your federal tax return, here's how to check the status of your refund.

The value of the child tax credit in 2025 (for tax returns filed in 2026) is $2,200, up from $2,000 in 2024. Going forward, the value of the child tax credit will be adjusted for inflation each year.