Taxes

Would Trump Take Away Your Mortgage Interest Deduction?

By Rob Garver

In the complicated world of federal tax expenditures, there is perhaps no provision more loved by its beneficiaries and more hated by academic economists than the mortgage interest deduction. For...
Tax Scammers Never Sleep: IRS Names 4 Summer Scams to Avoid

By Beth Braverman

Tax season may be over, but that doesn’t mean that crooks are done impersonating the IRS to try to steal your identity — and your cash.
If Trump's Tax Plan Passes, Here Are the Deductions and Breaks You Could Lose

By John W. Schoen, CNBC

The question of whether you'll be paying more in taxes under President Donald Trump may hinge on how much you use tax deductions now. Trump has said he will unveil on Wednesday the outlines of his...
Trump’s Tax Plan Could Affect Your Social Security

By Rob Garver

The Trump administration, at work on a new plan for tax reform, is reportedly considering a plan to cross into one of the most dangerous territories in American politics: fiddling with the Social...
Need a Tax Extension? 5 Things You Should Know

By Beth Braverman

If you’re among those who are going to miss the tax deadline, you’ll need to file for an extension with the IRS. Here’s what you need to know.

Two Smart Ways to Use Your Tax Refund: Which One Is Right for You?

By Lynn Wolfbrandt, Brad's Deals

Ah, the tax refund. That thing I used to spend before I even got it. Maybe you’re familiar with this fun and healthy spending pattern: Related: Haven’t Filed Yet? Lower Your Taxes With This Last...
Haven’t Filed Yet? Lower Your Taxes With This Last Minute Move

By Beth Braverman

Taxes may be due in just a few weeks, but many taxpayers can still trim their 2016 tax bill and increase their long-term financial security at the same time. That’s because tax-deductible...
The Best Ways to Use Your Tax Refund – and the Worst

By Janna Herron

Here’s what you should do with your tax refund to get closer to financial security – and what you should avoid.
Spend or Save Your Tax Refund? Here’s What Most People Are Doing This Year

By Beth Braverman

The retail boom that often follows tax season may be smaller this year, as fewer Americans are planning to spend their returns. Of the two-thirds of Americans expecting a refund this season, only one...
Here’s Why You Owe the IRS So Much in Taxes This Year

By Janna Herron

The vast majority of filers — more than 70 percent — do get money back from the government, with the average refund close to $3,000, according to the IRS. But every year, some taxpayers get a nasty...

Glenn Beck Protesters Complain About Stimulus

By Jennifer Depaul, The Fiscal Times

Many of the people drawn to Glenn Beck’s “Restoring Honor” rally at the steps of the Lincoln Memorial on Saturday complained about stimulus spending and the $1.4 trillion budget deficit and said the...
Extending Tax Cuts Could Have Huge Debt Impact

By Adam Graham Silverman, The Fiscal Times

Last week, CBO projected a fiscal year 2010 deficit of $1.34 trillion and deficits totaling more than $6 trillion over the next decade. But CBO’s predictions are based on current law — meaning that...
Too Big to Veil: Social Networks are Virtual I.R.S. Spies

By Nick Bhardwaj, The Fiscal Times

Facebook, Twitter and Myspace are the newest research tools for employers and government agencies such as the IRS.
Bartlett: Keep the Tax Cuts for Now

By Bruce Bartlett, The Fiscal Times

During the George W. Bush administration, Congress enacted a number of large tax cuts, none of which were made permanent. They all expire at the end of this year, which will impose a large tax...
President's Deficit Reduction Commission Begins to Focus More on Taxes

By Adam Graham Silverman and Edmund Andrews, The Fiscal Times

As the president’s fiscal commission met for the fifth time in public Wednesday, it became clear the tax system will get a careful review in search of ways to reduce the long-term deficit.

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