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...

IRS Collected Record Amount in Taxes Last Year

By Janna Herron

As the Internal Revenue Service works on processing 2015 tax returns, the agency said it collected a record amount last year from taxpayers. The federal government received $3.3 trillion in gross...
13 Tax Tips for Self-Employed Workers in 2016

By Janna Herron

The gig economy often means trickier taxes for self-employed workers. A third of the American workforce falls into that category, according to TurboTax, including 3.2 million on-demand workers, like...
9 Ways the Rich Maximize Their Tax Breaks (Some You Can Use, Too)

By Janna Herron

No one enjoys paying their annual tax bill to Uncle Sam, including the wealthiest among us. That’s why rich taxpayers — or their advisers — have combed through the fine print of the tax code to...
Spending Your Tax Refund: 10 Home Improvements That Make Life Better

By Beth Braverman

Now that you’ve finally gotten that tax return filed, it’s time to start planning what you’ll do with your refund. Nearly 83 percent of taxpayers will get money back from Uncle Sam this year, with...
Our 4 Biggest Fears About Paying Taxes

By Beth Braverman

With less than a month to go before the deadline for filing our 2015 taxes, many Americans would rather do just about anything other than sit down with their shoeboxes and a calculator. More than a...

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