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Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. If you’re self-employed, maybe as a freelancer or independent contractor, one question is likely top of mind at tax time: How can I reduce my self-employment taxes? Most self-employed people want to use every

WASHINGTON — With several pandemic-era enhanced tax credits and deductions coming to an end, many parents could see much smaller tax refunds this year.  The child tax credit and the child and dependent care credit are both dropping back to previous levels, meaning parents could get several thousand dollars less than they expected. Here’s what

Tax benefits are generally broken into two major categories: tax deductions and tax credits. As you examine programs that could potentially apply to you, it’s a good idea to know the differences in how tax savings can work. In short, a credit gives you a dollar-for-dollar reduction in the amount of tax you owe. A

If you filed a 2021 federal income tax return and are expecting a refund from the IRS, you may want to find out the status of the refund or at least get an idea of when you might receive it. You can start checking on the status of your refund within 24 hours after the