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...

Why Your Tax Filing Deadline Is Later This Year

By Janna Herron

If you’re prone to putting off your taxes to the last minute, this is a good year. Most Americans will get three more days to file their returns in April, and residents in two New England states will...
From Boob Jobs to Body Oil, 5 Surprising Tax Deductions

By Janna Herron

Reducing Uncle Sam’s tax bite is a top priority for most Americans each year, and some taxpayers push the limits on deductions they try to claim. The trick, of course, is getting the Internal Revenue...
14 Outrageous Tax Deductions the IRS Denied

By Janna Herron

Paying taxes is one of the few guarantees in life, as the saying goes. But most of us try to limit how much Uncle Sam takes from our pockets by deducting charitable donations, medical costs and...
4 New Tax Rules to Know Before You File

By Janna Herron

Just after the most wonderful time of the year comes the most frustrating time, when Americans have to figure out how much they owe Uncle Sam. There are a handful of rule changes this year that may...
6 Popular Tax Breaks That Americans Need Congress to Renew

By Janna Herron

Republican presidential hopefuls have talked often this year about overhauling the tax code by lowering rates and closing loopholes. Many of those loopholes have become the subject of an annual game...

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