Many people do not realize how easily criminals can obtain our personal data without having to break into our homes. In public places, for example, criminals may engage in “shoulder…

American opportunity tax credit Many of those eligible for the American opportunity tax credit qualify for the maximum annual credit of $2,500 per student. Students can claim this credit for…

WASHINGTON ― With another school year now in full swing, the Internal Revenue Service today reminded parents and students that now is a good time to see if they will…

Moving Can Affect Your Premium Tax Credit If you moved recently, you’ve probably notified the U.S. Postal Service, utility companies, financial institutions and employers of your new address.  If you…

Getting Married Can Affect Your Premium Tax Credit The IRS reminds newlyweds to add a health insurance review to their to-do list. This is particularly important if you receive premium…

Don’t worry if you made a mistake on your tax return or forgot to claim a tax credit or deduction. You can fix it by filing an amended return. Here…

Many people change their job in the summer. If you look for a new job in the same line of work, you may be able to deduct some of your…

Millions of people enjoy hobbies that are also a source of income. Some examples include stamp and coin collecting, craft making, and horsemanship. You must report on your tax return…

When it comes to filing a federal tax return, many people discover that they either get a larger refund or owe more tax than they expected. But this type of…

You may need copies of your filed tax returns for many reasons. For example, they can help you prepare future tax returns. You’ll need them if you have to amend…