With tax season right around the corner, it is necessary to know our income and expenses and how they affect our tax return.

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

When taxpayers receive their refunds, addressing debt, socking away money in an emergency fund and contributing to retirement are some good avenues for using those funds, experts said.

Households are carrying record levels of debt. Balances climbed to $18.04 trillion in the fourth quarter of 2024, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data.

We trust our tax preparers to handle our sensitive information while getting us the largest return, but putting your faith in ...

While it's common for people to carry debt, if you aren't keeping up payments on it, you can be subject to wage garnishment, ...

Citizens who let tax preparers to list the preparers’ bank account and get their tax refunds lost their stimulus funds to the ...

You spent the year paying down your student loans, contributing to your savings, and having your employer withhold a portion of your paycheck for taxes. Now it’s time to file a tax return and ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Some tax preparation services offer tax advance or tax refund loans if you file a return with them, which let you borrow against your refund and get your money immediately. While this may seem ...

Most taxpayers can expect to receive their refund in a matter of weeks. We’ll show you how you can check up on the status of ...