Both federal and state governments give tax credits, such as the Child Tax Credit or Lifetime Learning Credit, in order to sustain and benefit the economy. A federal tax credit is granted by the ...

The federal government and most state governments impose taxes on the income you earn during the year — just because you earned it. These taxes hit not only your wages, salaries and bonuses but also ...

All levels of government -- local, county, state and federal -- raise revenue by levying taxes on the people and businesses in their jurisdictions. Federal taxes pay the national defense and the ...

What is a tax ID number? It's a unique nine-digit number issued by the Social Security Administration or the IRS to anyone ...

Every April we muddle through our taxes, on our own or with the help of a tax accountant. Unless we happen to be tax policy wonks we don't dwell too much on the theory and practice of taxation. While ...

You likely pay a version of each on income or goods Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and ...

Compare tax relief providers that match your needs. Find Tax Experts Reduce your tax burden now Commonly known as the “sin tax,” the excise tax is a tax on products that are considered harmful or ...