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...

Obama Aims at Middle Class with Tax Cut Extension

By Eric Pianin

President Obama called for limiting an extension of the Bush era tax cuts to families making less than $250,000 a year, arguing that the middle class needed the help far more than the wealthiest two...
How Money Stresses Us, and How to Fix It

By Libby Kane, LearnVest

So many of us are stressed by money and financial issues today, which can ultimately lead to illness if we're not careful. But there are ways to address this. Here's how to lessen some of the stress...
5 Smart Money Lessons Through 10 Bear Markets

By John Wasik, Reuters

I turn 55 today. As a baby boomer who hopes he's aging like a fine wine and not turning into vinegar, I abhor the idea of losing money again in a 2008-style meltdown. If I've learned anything, it's...
Buy Your Own Island: 6 Tips for Posh Purchases

By Lou Carlozo, Reuters

You may not have the $500-$600 million it probably cost the Oracle CEO, one of the world's richest men, to buy Hawaii's sixth-largest island, Lanai, recently. But call a friendly island broker and...
The Gutless Mandate Means Taxes Will Fund the ACA

By Eugene Steuerle, The Fiscal Times

As an economist, perhaps I shouldn’t be writing this piece. In delivering the opinion of the Court on the Accountable Care Act, Chief Justice Roberts makes an indirect attack on economists: “To an...

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