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You may pay less tax if you file your tax return as a “head of household” than if you file as a “single” individual. What’s the difference?

The income tax return deadline is April 18 this year. But it’s also the deadline for filing a gift tax return if you made large gifts last year. Find out if you’re required to file a 2022 gift tax return and why you may want to file one anyway.

If you invest in the stock market, you’ve probably owned some losing shares. Here’s how to claim losses on your tax return for depreciated or worthless stock.

If you receive a personal injury settlement or award, do you have to pay tax on it? Here are the rules, along with court cases involving two taxpayers who had to pay tax on their settlements.

If you want to help ensure your financial security in retirement, saving now is one of the best moves you can make. If you qualify, you still have time to contribute to an IRA or SEP and save on your 2022 tax return.

Breaking into a retirement plan before age 59½ may result in a penalty tax. But there are exceptions. Here are the rules, along with what happened to one taxpayer who tried to avoid the penalty because he had diabetes.

If you’re a parent, you know that children are expensive. Fortunately, there’s a federal Child Tax Credit that may help you with the expenses. Here are the current rules.

How much is the standard deduction in 2023? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some Q&As about these and other tax-related amounts for 2023.

Why is it a good idea to file a tax return early? Here’s the answer to that and other filing season questions you may have.

As any parent of a college student knows, higher education is expensive. Fortunately, there are some tax breaks for eligible parents.

Parents often hear that their children “grow up so fast.” Before you know it, youngsters will be heading to college. Here are some tax-saving ways to build an education fund.

Want to save more for retirement? You might be able to with the many changes in a new law signed on Dec. 29, 2022.

You may want to rent out a property you own to a relative at a discount. If so, be aware of these tax rules.

Are you contributing enough to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for 2023.

It’s been a tough year for the stock market. But if you’re fortunate to have investment gains, you may be looking for unrealized losses in your portfolio to offset the gains. Selling losing stock may reduce your 2022 tax bill. But beware of the “wash sale” rule.

You may spend decades building up your traditional IRA but there comes a time when you must start taking withdrawals. Here are answers to frequently asked questions about required minimum distributions.

The end of the year is a good time to examine your portfolio for tax purposes. Here are some strategies that may save you taxes.

Many people like to give thanks at this time of year by donating to their favorite charities. Here are the basic 2022 rules for charitable contributions and gifts to loved ones.

Do you own savings bonds? Here’s how the interest on the bonds is taxed.

Many people are feeling the squeeze of inflation. What does this mean for your federal tax bill? Here’s what the inflation-adjusted amounts will be for several provisions in 2023, as compared with 2022.

In 2022, if you pay a household worker cash wages of $2,400 or more, you must withhold and pay Social Security and Medicare taxes. What will this amount be for 2023? Here’s the answer, as well as other tax obligations.

As we head toward year end, many people are starting to plan to give gifts to their loved ones. Here’s how to avoid gift tax implications.

Do you want to add municipal bonds to your portfolio? Here are some of the tax consequences.

The cost of college has risen steeply in recent years so families are wise to begin saving early. Here’s how 529 plans can help you save on a tax-advantaged basis.

By planning ahead now, you may be able to save on your 2022 and 2023 tax bills. Here are some ideas to consider.