Claiming dependents is one of the best ways to reduce taxable income. Parents can even claim their adult children if they meet IRS requirements. Read Now: IRS Updates Earned Income Tax Credit ...

Learn how taxes on interest income work, how to report it on your taxes, and which interest income is taxable. Get the full ...

Tax credits tied to children and dependents are popular, but there are many restrictions. The IRS delays refunds on some credits to thwart fraud.