We just received an official tax receipt for our daughter's preschool tuition at our local YMCA. Is her tuition tax-deductible? Why else would they send us a tax receipt?

I started to look at the tax forms on TurboTax and it asked if I was a full-time student in 2009. I was a full-time student from January until May and then started working at a fu …

What's the difference between itemizing on your taxes and not itemizing? What are the effects and who would benefit from it?

Tax time is here again. Who does your taxes, and why? In my case I have a brother and son who are CPA's, (I still pay, but do get a brotherly discount) and have a very complicate …

I want to invest in a mutual fund and I know that I need to keep my money invested for a full year in order to qualify for long-term capital gains tax. If I fund my account now and …

I am going to start investing, but am unsure about how taxes work. I'll be leaving my money in for over a year, which means I'll be paying long-term capital gains taxes instead of …

How much can an employee earn before I need to claim them and start taking taxes out?

Say I buy a case of beer that has a $5 rebate attached to it. I send my UPCs, cash register receipt with the price circled, etc., and eight weeks later I get my $5.00 check. It g …

Each time I started up TaxCut while I was working on my taxes, it asked to check the website for updates. The reason: Tax laws change throughout the year. My question is this: …