Future income taxes are upcoming tax costs or savings due to discrepancies between financial statements and tax returns.

The first step to surviving tax season is to know which IRS federal income tax brackets you fall into. Here's a full ...

Federal tax credits come in a number of flavors, including refundable, nonrefundable and partially refundable. Here’s what you should know heading into tax season.

Understanding your 1040 is the best way to legally minimize your taxes. Top tax professionals will tell you that effective tax planning needs to be proactive, not reactive. The best tax planning needs ...

Not all states tax income the same. See how state income tax rates compare, how flat and progressive systems work and what ...

Families who live on low to moderate incomes may qualify for the earned income tax credit, which advocates say can offer ...

Tax avoidance strategies aren’t solely for the rich — plenty of tax deductions and credits are available for middle- and low-income taxpayers to seize too.

The IRS doesn’t care how old you are. If you have an income, it requires you to pay taxes, even if your first pimple hasn't appeared or you haven't learned to drive. So, while it’s exciting for kids ...