Tax deductible donations are contributions of money or goods to a tax-exempt organization such as a charity. Tax deductible donations can reduce taxable income. To claim tax deductible donations on your taxes, you…
The Child Tax Credit is a refundable tax credit of up to $3,600 per qualifying child under 18. The credit begins to phase out when adjusted gross income reaches $75,000…
What is adjusted gross income? Adjusted gross income (AGI) is your gross income — which includes wages, dividends, alimony, capital gains, business income, retirement distributions and other income — minus certain payments you’ve…
The usual tax filing date of April 15 is extended this year: You have until Tuesday, April 18, 2017, to file your 2016 tax return with Uncle Sam. That means…
