Should you itemize on tax return?

Wading through piecemeal deductions at tax time is no easy task. On one hand, knowing what you can write off and what form to fill out sometimes requires a lot of research and foresight. On the other, intelligent taxpayers who have the proper documentation can unlock...

Five Tax Credits that Can Reduce Your Taxes

A tax credit reduces the amount of tax you must pay. A refundable tax credit not only reduces the federal tax you owe, but also could result in a refund. Here are five credits the IRS wants you to consider before filing your 2012 federal income tax return: The Earned...

Four Tax Tips about Your Unemployment Benefits

If you received unemployment benefits this year, you must report the payments on your federal income tax return. Here are four tips from the IRS about unemployment benefits. You must include all unemployment compensation you received in your total income for the year....
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