Of all the various tax breaks and ways to reduce your total tax debt and potentially increase your tax refund, few are as important or widely used as the earned income tax credit. But just what is it and how does it work? It’s something that’s worth taking a closer look at since this important tax credit could help you get the most from your taxes each year.

Throughout history, conmen have used scams to take advantage of others. And one of the most common methods of doing so today continues to be that of scammers using the IRS to try to trick people out of their money.

Most people in the country are aware of the fact that having child dependents in the home means that they can qualify for a significant tax break. But it’s also important to note that those who adopted a child or even those who tried to adopt a child could also claim a tax credit. The adoption credit offers these individuals the chance to get a big break on their taxes, and it’s well worth learning more about.

Technology has changed the entire world, and one way that it has done so is in the way that taxes are handled. Paper filling still exists, but the number of people who use that method are dwindling. In fact, the IRS estimated that 90 percent of individual taxpayers will be filing their taxes electronically in 2018.

There are a lot of variables that can have a direct impact on your taxes each year, and one thing that you’ll need to pay careful attention to is certainly your exemptions and dependents that are claimed on your taxes. In general, most taxpayers will claim a single personal exemption – for themselves. Those who are married may claim one for their spouse as well.

Taxes aren’t something that too many people want to deal with. After all, nobody relishes the idea of having to pay the government anything. But a huge number of people may actually be entitled to a refund, and even those who aren’t legally required to file a tax return may want to consider doing so – they could be entitled to money.

A big part of this is because there are numerous tax credits out there that certain taxpayers may be eligible for. Knowing about them could help you get some extra money in your pocket. Here are a few of the credits worth knowing about.

Tax season is officially in full swing, with most Americans now in possession of all the tax documents that they need to file their taxes for the 2017 fiscal year. But there is a lot to understand, even when you just review the basics regarding taxes. With that in mind, it’s worth taking the time to look into a few of the main things you’ll want to understand for this tax season.

As the clocks roll over and a new year begins, plenty of Americans have resolutions that they want to focus on. But it’s also the signal that tax season is upon us again, and for millions of people that means that a tax refund may be on the way.

As tax season rolls into full swing, it’s important that you take the time to really make sure that you’re doing all you can to get the best return possible. For many, deductions will have a huge impact on your tax return and whether or not you can get a refund, and one thing to think about will be charitable contributions that you’ve made over the year.