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...

Estate Tax Change Threatens Obama’s Tax Compromise

By Tom Herman, The Fiscal Times

The estate tax has become a major issue as Congress debates President Obama’s tax compromise with Republicans. Liberal Democrats blast the proposal as costly and a bonanza for a tiny group of very...
Tax Deal: Job Creator or Deficit Inflater?

By Merrill Goozner, The Fiscal Times

As the House prepares to vote on the president’s tax-compromise plan, a look at how many jobs various provisions will and won’t create.
The Rich Want to Pay More Tax: Here’s How to Do It

By Blaire Briody and ALEX RADER, The Fiscal Times

Warren Buffett, Ace Greenberg, Bill Gates, Sr., George Soros and Pete Peterson are among the wealthy billionaires and millionaires who say they should not have been eligible for an extension of the...
High Income, No Taxes: How Big Money Beats the IRS

By Tom Herman, The Fiscal Times

More than 10,000 Americans who earned more than $200,000 during 2007 paid no income taxes to the U.S. government. And it’s perfectly legal.
Obama May Tackle the 800 Pound Gorilla—Tax Reform

By Merrill Goozner, The Fiscal Times

By embracing tax reform, President Obama opened the door to a long and contentious debate over the cumbersome and loophole-ridden U.S. tax code. Will he take the risk just as the 2012 president...

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