Personal Finance

This channel is where we explore the holistic health of your financial house. Helpful, accurate articles include topics on credit, debt management, financial planning, real estate and taxes.

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When it comes to filling out tax forms, mistakes happen. It's up to you to make sure you've corrected them. That's why the IRS provides Form 1040X. Learn more about the amended tax return form.

By Jane McGrath

The fresh air, the open fields, the rooster crowing in the distance: Who doesn't yearn for the farmer's life? But idealized as it may be, farming is still a business -- a volatile one at that -- and farmers need all the tax breaks they can get.

By Kate Kershner

Many people who benefit from the Affordable Care Act also have to do some financial juggling pay their monthly premiums. But a tax credit can help. Find out how they make the Affordable Care Act, well, affordable.

By Alison Cooper

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Child support and workers comp, yes; bribery, no. Learn about the sources of income that don't get taxed by the IRS.

By Susan Sherwood

How does the federal government provide a financial incentive to businesses to hire groups who have historically found it difficult to find full-time work? Through the work opportunity tax credit.

By Susan Sherwood

Special tax credits are available to people with disabilities as well as to those who care for them. Let's explore them.

By Susan Sherwood

You know you need to start socking money away for retirement, but you haven't because, well, money is really tight right now. But you'll be pleased to know that a Roth IRA allows you to save and reduce your tax bill.

By John Perritano

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We're all looking for ways to reduce the amount of money we give to Uncle Sam. Did you know there's a way to do that and save for retirement at the same time? Find out how putting money in a (401)k can reduce your tax bill.

By John Perritano

Kids cost a fortune. We don't have to tell you that. But if you think you know exactly how much, think again.

By Gallagher Flinn

Hospital costs for baby deliveries have skyrocketed since 2004. Depending on where you live in the United States and how you deliver, plan on experiencing some sort of sticker shock when you receive your bill.

By Gallagher Flinn

The IRS doesn't have any get-out-of jail-free cards, no matter how faithfully you served your country. But while veterans may still have to file taxes, there are a few things to look for that may get you a break.

By Kate Kershner

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Your honeymoon's barely over, and it's already time to file your taxes. You heard filing jointly had great perks, but will you and your beloved still benefit since you haven't even been married a year?

By Gallagher Flinn

One perk of being employed (as opposed to being an independent contractor) is that your company pays half of your Federal Insurance Contributions Act tax. No clue what FICA is? It accounts for a big chunk of your federal income taxes.

By Kate Kershner

Big medical bills have broken more than one American family's bank account. While we work toward a day when catastrophic illness doesn't have catastrophic financial consequences, let's see how you may be able to find some relief come tax time.

By Kate Kershner

You're about to tie the knot and your fiancé drops a bombshell. He owes a hefty sum in back taxes to the IRS. Now what? Will his bill become yours after you say your "I do's"?

By Gallagher Flinn

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Private school has a number of benefits. But what about when it comes to tax day? What is the IRS doing to help ease the cost of your child's education?

By Gallagher Flinn

Bankruptcy is difficult enough to deal with by itself. But then adding the drudgery of figuring out how it will affect your tax return can make your situation feel hopeless. But it's not. Your options depend on the form of bankruptcy you filed under.

By John Perritano

So you landed a new job? Congratulations! Along with a higher salary and better benefits, you also get the added perk of deducting some of your job-hunting expenses on this year's tax return.

By Kate Kershner

Kids these days expect instant gratification. So earning an allowance teaches them about budgeting and saving. But how much is just right?

By Gallagher Flinn

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You both pay the bills. You both keep a home. You both raise the kids. Does the IRS consider you both heads of households?

By Gallagher Flinn

You're certain you and your partner have to work, rather than one of you staying home with the kids. The truth is, it could make more financial sense for one of you to stay home. Let's do the numbers.

By Gallagher Flinn

We get it. You're busy. Modern life requires you to juggle a lot of things, so it's easy for you to let important things slip ... like filing your tax returns for the past couple of years. Take a deep breath; here's how you remedy that.

By John Perritano

Mega Millions and the Powerball lotteries have collectively hit over $1 billion. But if you happen to win one (or both) how much will Uncle Sam want?

By John Perritano

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Marriage means sharing the love and the bills. It also means sharing the taxes. Or does it? Did you know that sometimes there are very good reasons why you and your spouse should file separate tax returns?

By John Perritano

If you make money from the stock market, the IRS is interested in that – they get a cut. How do you determine what you owe them?

By Susan Sherwood