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...

Can’t Reach the IRS for Tax Help? 4 More Options

By Liz Weston, Reuters

Excruciatingly long holds on the U.S. Internal Revenue Service's help line this year mean that taxpayers need to find better ways to get their questions answered. The problems start with the fact...
The 7 Taxes We Hate the Most

By Marine Cole

Most of us absolutely despise paying our taxes – we believe they’re unfair or aimed at the wrong people. While Gallup has found that slightly more than half of us feel we paid too much in taxes in...
More Americans Get Free Credit Scores. Now What?

By Beth Pinsker, Reuters

As a Citibank customer, I have been receiving my credit score on my statements since January. In February, my number went down five points, leaving me wondering: What did I do wrong? There are still...
3 Options for Congress If Court Kills Obamacare Subsidies

By Diana Furchtgott-Roth

On March 4 the U.S. Supreme Court will hear King v. Burwell, the case challenging health insurance-premium subsidies for those who buy their insurance on the 37 federal exchanges. The Reply Brief...
Desperate IRS Rehires 300 Poor Performers

By Charles Clark, Government Executive

In its quest for tax expertise, the Internal Revenue Service in recent years has rehired more than 300 past employees who had been forced out or left while under investigation for performance or...

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