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...

6 Good Reasons to File a Tax Extension

By Janna Herron

Is the tax deadline sneaking up on you? Maybe you’re swamped at work or you misplaced the W-2 your employer sent. Whatever the reason, it looks like you won’t make the looming April 18 due date. The...
7 New Tax Scams for 2016 – and How to Avoid Them

By Millie Dent

With tax season well underway, taxpayers should officially be on the alert for all kinds of innovative scams. From imposters posing as company executives to fake IRS agents, con artists are...
How Do You Know When You’ve Made It Financially?

By Beth Braverman

Owning a house and having money in the bank are important, but the most important financial milestone for Americans today is becoming debt free. More than 60 percent of those surveyed recently by TD...
12 Life Events That Change Your Taxes -- For Better or Worse

By Janna Herron

Wedding bells, funeral processions and baby notices all have their tax consequences. What happens in your life in a given year affects your tax return more than what Congress does. “Life changes...
Here’s How Budget Cuts Have Hammered the IRS

By Janna Herron

After enduring budget cuts each of the last five years, the Internal Revenue Service is struggling to enforce tax laws and claw back money owed to Uncle Sam, according to the latest data from the...

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