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...

If You Prefer Death to Taxes, Skip to Line 10

By Peter Leo, The Fiscal Times

The IRS has been thinking about simplifying the tax code and the filing system. Here’s a draft of the new 1040—please read before filing.
New Tax Laws Make Filing a Bureaucratic Nightmare

By Katherine Reynolds Lewis

Tax time this year is more painful than usual because of changes in the already complex tax code, IRS delays in printing certain forms and its inability to accept returns filed electronically until...
Why Prospects for Tax Reform in 2011 Look So Dim

By Michelle Hirsch, The Fiscal Times

Tax reform is a hot topic in Congress and at the White House, but it’s unlikely anything will get done before the 2012 election.
IRS Softens Lien Rules for Tax Scofflaws

By Michelle Hirsch, The Fiscal Times

The IRS is cutting taxpayers some slack by raising the threshold for imposing lines on those with overdue tax bills.
Milking the Government for All It’s Worth

By SYBIL ADELMAN SAGE

In a bold move by the IRS, nursing mothers can now nurse their babies tax free, sort of. The government, in all its wisdom, decided to allow breast pumps and other lactation supplies to be tax...

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