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...

Memo to America's CEOs: Buckle Up and Fly Right

By Maureen Mackey, The Fiscal Times

Chesley “Sully” Sullenberger, the pilot who safely landed U.S. Airways Flight 1549 in the Hudson River in January 2009, saving all 155 lives on board, has a message for Congress: Break out of your...
The ‘Fiscal Cliff’ Looms Over Taxes and Spending

By Eric Pianin

Congress is facing an extraordinary raft of spending and tax decisions by the end of the year that could have a profound impact on Americans reliant on government aid and the economic recovery. Fed...
Tax Reform: Cap All Deductions at 2 Percent of AGI

By Eric Pianin

House Republican lawmakers are struggling with the challenge of identifying scores of costly tax deductions to eliminate to help offset the cost to the Treasury of major tax cuts, but Harvard...
Why Reagan's Tax Reform Road Map Won't Work Now

By Eric Pianin and Michelle Hirsch

While the 1986 tax reform legislation is frequently cited as a useful roadmap for the White House and Congress to draft another major overhaul after the2012 election, there are many important...
The Lose-Lose Job of Cutting Your Top Tax Breaks

By Eric Pianin

House Republicans are looking for ways to offset the cost of huge tax cuts by eliminating hundreds of billions of dollars worth of tax deductions or loopholes that permeate the federal tax code. But...

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