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...

Here’s Why the IRS Could Lose Your Tax Information

By Janna Herron

The Internal Revenue Service has failed to back up stored data — including taxpayer information —effectively, according to a new audit report . The Treasury Inspector General for Tax Administration...
The 6 Tax-Filing Sites That Put Your Privacy at Risk

By Millie Dent

If you’re planning on using an online site to file your taxes this year, be wary. A new audit from the Internet security nonprofit Online Trust Alliance found that nearly half of the 13 tax software...
Got an Email from the IRS? You’re Being Scammed

By Millie Dent

Even though tax fraud shows no sign of slowing down, Americans are failing to take simple precautions to best protect their personal information. A new report from the data security firm IDT911 found...
Test Your Tax Knowledge: Are These 10 Deductions Legit or Not?

By Janna Herron

Tax season is a time when creative thinkers figure out ways to itemize unusual expenses as deductions to lower their bill to Uncle Sam. Often, though, the Internal Revenue Service doesn’t agree with...
The Best and Worst Ways to Spend Your Tax Refund

By Janna Herron

Getting a tax refund can feel like winning a small lottery. And it’s tempting to blow the windfall. But hold tight: There are smarter ways to use your mad money than putting a down payment on a...

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