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...

Avoid These 10 Common Tax Mistakes

By Beth Braverman

No one enjoys doing his taxes, but it’s an important financial task. As you sit down to it this year, be sure to avoid these common tax mistakes.
Protect Your Portfolio with These Year-End Money Moves

By Erik Sherman, The Fiscal Times

It’s easy this time of year to get so wrapped up in holiday shopping and family gatherings that you can forget about the personal finance housekeeping that’s crucial before the end of the year...
Slammed by New Taxes: Why You’re Poorer Than You Think

By David Koeppel, The Fiscal Times

Several factors are making this tax year particularly painful for high earners. There are four major tax increases that went into effect this year, plus the end of Bush-era tax cuts reinstated phase-...
How to Maximize a 529 College Savings Account

By Amy Feldman, Reuters

You can stuff a lot of money into a 529 college savings plan now and then do the same thing at the beginning of 2014 - a strategy that advisers say they are seeing many wealthy clients adopt this...
5 Money-Saving Tax Moves to Make Right Now

By Julie Halpert, The Fiscal Times

It’s tempting not to think about taxes this time of year. After all, the holidays can be all consuming and tax day is still months away. But making some financial moves now can pay off in a major way...

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