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...

How Obama and Biden Buried the Middle Class

By Edward Morrissey

Michael Kinsley once defined “gaffe” as the accidental telling of a political truth. That definition aptly describes the jaw-dropping admission from Joe Biden on the campaign trail this week...
Fiscal Cliff: Candidates Fiddle While America Does a Slow Burn

By Eric Pianin and Josh Boak

While the next president will likely have to come to grips with the fiscal cliff shortly after taking office,, President Obama and Republican presidential nominee Mitt Romney have little to say about...
‘Taxmageddon’ Will Hit 88%, Prompting a New Recession

By Merrill Goozner, The Fiscal Times

If the lame duck Congress and President Obama drive over the fiscal cliff on New Year’s eve without passing new tax legislation or extending a host of expiring tax breaks, the average American...
Can ‘Middle Class Mitt’ Pull Off a 40-Day Miracle?

By Edward Morrissey

Last week, the national media declared the Mitt Romney candidacy dead, after Mother Jones published video of Romney discussing government dependency and personal responsibility. This was the second...
Romney paid $1.9 million in taxes in 2011

By Reuters

Republican presidential candidate Mitt Romney paid $1.9 million in taxes on more than $13 million in income in 2011 for an effective tax rate of 14.1 percent, his campaign said on Friday ahead of the...

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