Tax Tips

Earned Income Credit

The earned income credit is available to many taxpayers who have low to moderate income. This tax credit will effectively lower your taxable income and increase your potential for a tax refund.

Change In The 2006 ‘Kiddie Tax’

The 'kiddie tax' has been changed to apply to all children under the age of 18. It previously only applied to children under the age of 14. Therefore, for children under 18, all unearned income greater than $1,700 will be taxes at the parent's top tax rate.

Most Overlooked Tax Deductions

According to H&R Block, these are some of the most often overlooked tax deductions that people often forget to take...

What Is The Telephone Excise Tax Refund All About?

The Telephone Excise tax refund is applicable to almost everyone for 2006. Individuals and businesses have 2 options to select from in order to calculate the refund they are eligible for.

Education Tax Credits: Hope Credit & Lifetime Learning Credit

The Hope Credit and the Lifetime Learning credits are 2 types of tax credits that can reduce your tax liability and save you money.

Dependent Care Credit Helps With Daycare Or A Nanny

The Dependent Care Credit - also known as the Childcare Credit - is one way for working adults to save money on their tax return.

What Is The Child Tax Credit?

A Child Tax Credit is available to most taxpayers for each 'qualifying child'. This tax credit is an easy way to save some money on your tax return. Here's what you need to know.

Tax Deductions vs. Tax Credits

Tax deductions and tax credits are 2 ways to lower the amount of income tax you owe and therefore save you money! Here's what you need to know.

Yes, You Have To Pay Taxes On Downloaded Songs

If you live in one of these states then you have to pay taxes on all of the media you've downloaded -- for a fee -- this year! Here's the complete list of states.