Self-employed individuals have unique opportunities to save for retirement while reducing their current tax liability. Choosing the right retirement plan can significantly impact both your future savings and your...
Introduction If you made energy-efficient upgrades to your home in 2025, you may qualify for a tax credit that reduces your federal tax bill. Under IRC § 25C and...
Introduction Tax credits help reduce your tax liability, but not all tax credits work the same way. There are two types of credits: Â Refundable tax credits can reduce your...
Introduction If you’re making student loan payments, you may be eligible for a tax deduction that reduces your taxable income. The student loan interest deduction, outlined in IRC §...
Introduction If you use your vehicle or travel for business purposes, the IRS allows you to deduct business mileage and travel expenses to lower your taxable income. According to...