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 ...

Most of us probably don’t enjoy preparing our taxes, but there’s often a reward at the end — a tax refund. If you get a refund this year, how can you make the best use of it? Of course, the answer ...

According to the Internal Revenue Service, once Presidents Day is over taxpayers get serious about filing their tax returns. The IRS said it has plenty of ...

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.

Making matters worse, the IRS doesn’t regulate or ban early refund products, leaving taxpayers vulnerable to costly traps.

Making biweekly payments for your mortgage may seem like a good idea, but it may not be as helpful as you expect. Consider other ways to lower your total interest.

When you sell a home, you'll need to pay taxes on the amount of money you earned on the sale as capital gains. However, if you live in the home for two of the previous five years before selling, you ...

Did you know about these deductions? Tax experts say most people miss them, but don’t make that same mistake. Here’s how to ...

Tax season can be met with excitement or dread, depending on whether you're owed a refund or you owe money to the IRS. And when you owe more money than you can comfortably afford, you may be ...

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

The 2024 tax-filing season has begun and the IRS has offered a set of six important tips designed to help taxpayers navigate ...