Articles

The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. There are two ways to pay as…

If you make qualified energy-efficient improvements to your home, you may qualify for a tax credit up to $3,200. The credit equals 30% of…

If you pay tuition, fees, and other costs for attendance at an eligible educational institution for yourself, your spouse, or your dependent, you…

Your filing status is based on your marital status as of December 31. If you are divorced under a final decree by the last day of the year, you are…

The support test is one of the factors used to determine whether you may claim another person as a dependent. The person may be a qualifying child or…

Crowdfunding is the process of soliciting financial contributions for a particular cause from a large number of people, referred to as backers. The…

Most credit counselors offer services through local offices, the internet, or on the telephone. Many universities, military bases, credit unions, housing…

A written statement from a charity is required if a donation is more than $75 and is partly a contribution and…

To help substantiate a deduction for the fair market value of used items donated to charity, make a list of…

Qualified charitable organizations include nonprofit groups that are religious, charitable, educational…