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 Claims the Buffett Tax Will Create Jobs

By Merrill Goozner and Michelle Hirsch, The Fiscal Times

he Obama administration is shifting gears slightly in its effort to promote the so-called Buffett tax, which could slap a minimum 30 percent tax rate on anyone who makes $1 million or more a year.
Romney Targets Obama after Three Big Wins

By Eric Pianin

Former Massachusetts governor Mitt Romney rode to three impressive GOP primary victories Tuesday night in Wisconsin, Maryland and the District of Columbia, and used his victory celebration to step up...
The Entitled States of America: We Want More!

By Charles Sykes, Wisconsin Policy Institute

Milton Friedman may have argued that there is no such thing as a free lunch, but you’d have a hard time convincing millions of Americans of that today. They know better – or at least they think they...
Guess Who Wants to Kill Corporate Tax Reform

By Michelle Hirsch, The Fiscal Times

On the surface, large, publicly traded, U.S. firms appear united in their desire to push for corporate tax reform. But the likelihood that large multinational firms like GE, Pfizer, and Google might...
The Ryan Budget Plan: More Fantasy than Reality

By Bruce Bartlett, The Fiscal Times

On Tuesday, House Budget Committee Chairman Paul Ryan (R-WI) introduced a budget for fiscal year 2013 . It proposes massive changes not merely in the path of federal spending, but the very nature of...

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