Tina Orem

Here are 12 easy moves you can make to lower your tax bill this year, plus tips for how to take advantage of them. See which ones will work for you.

The child tax credit is a tax benefit for people with qualifying children. For the 2023 tax year, taxpayers may be eligible for a credit of up to $2,000 — and $1,600 of that may be refundable.

This article has been updated for the 2022 tax year. The standard deduction is a specific dollar amount that reduces your taxable income. For the 2022 tax year, the standard…

Tax Day was April 18, 2023. See the tax deadline for extensions, when taxes are due for estimated payments, and moves to make before next year.

The 2023 IRS standard mileage rates are 65.5 cents per mile for every business mile driven, 14 cents per mile for charity and 22 cents per mile for moving or medical.

Use NerdWallet’s free business loan calculator to estimate your monthly payments, interest cost and repayment options on a small-business loan.

The self-employment tax is 15.3%, which is 12.4% for Social Security and 2.9% for Medicare. Generally, it applies to self-employment earnings of $400 or more.

Replacement windows can cost $450 to $1,700 each, depending on what kind you choose.

Penalties can stack up quickly if you fail to file taxes. But even if it’s been years since you filed a return with the IRS, catching up still makes sense.

Will that inheritance come with an inheritance tax bill? The short answer is probably not. But some important basics can dramatically change the answer.