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Tax Deductions

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  • The Cliff and Your Mortgage  Wednesday, 14 Nov 2012 | 10:43 AM ET

    CNBC's Diana Olick reports how changes in the mortgage interest rate deduction will impact homeowners.

  • Limiting Tax Deductions: What It Might Cost You Tuesday, 13 Nov 2012 | 11:44 AM ET

    Limiting tax deductions as part of a "Fiscal Cliff" deal would force the wealthy to bear the brunt of the cost, with million-dollar earners getting hit the hardest.

  • CNBC Explains: What Are Payroll Taxes? Monday, 29 Oct 2012 | 10:27 AM ET

    Anyone looking at their paycheck stub and seeing the laundry list of taxes taken out might be saying to themselves 'Why am I paying these and where does all that money go?'CNBC explains

  • Eliminate 'Sacred Cow' Mortgage Rate Deduction?  Thursday, 25 Oct 2012 | 8:13 AM ET

    Robert Johnson, RLJ Companies founder & chairman, discusses whether the mortgage interest deduction is a tax loophole that should be closed.

  • French ‘Pigeons’ in Flutter Over Tax Rise Wednesday, 3 Oct 2012 | 2:04 AM ET
    A person fills out a tax declaration for the 2012 income tax on September 10, 2012 in Lille, northern France.

    François Hollande’s Socialist government is facing a new tax revolt – this time not from big business protesting against the president’s 75 per cent income tax band but in the form of a viral online campaign by small French entrepreneurs furious about a jump in capital gains taxes, the FT reports.

  • Offshore Tactics Helped Increase Romneys’ Wealth Tuesday, 2 Oct 2012 | 10:27 AM ET

    Mitt Romney's offshore arrangements enabled his individual retirement account to avoid taxes on its investments and may well have reduced his personal income tax bills, The New York Times reports.

  • How the ‘Fiscal Cliff’ Could Hurt Married Couples Wednesday, 26 Sep 2012 | 3:10 PM ET

    There are many financial perks that come with being married. Filing taxes generally isn’t one of them.

  • Tax Hikes a Threat to Charitable Giving, Say Billionaires Wednesday, 19 Sep 2012 | 11:26 AM ET
    Stephen Ross, founder and chief executive officer of Related Cos LP.

    A poll of charitable billionaires found that a majority say taxes impact their giving.

  • Are 529 College Savings Plans Too Easy To Beat? Tuesday, 11 Sep 2012 | 10:56 AM ET

    Many say 529 savings plans are the best way to save for college, but interest in them is cooling.

  • Too Much Debt Talk from Paul Ryan Thursday, 30 Aug 2012 | 3:24 PM ET
    Paul Ryan

    My worst fears about Paul Ryan were borne out in Wednesday night's speech.

  • 'Fiscal Cliff' Tax Hikes That Could Hurt Entrepreneurs Tuesday, 24 Jul 2012 | 10:31 AM ET
    Taxes

    Dozens of tax changes take effect at year's end. While the "Bush-era tax cuts" get talked about often, here's what entrepreneurs need to know.

  • Are Self-Directed IRAs Too Good to Be True? Friday, 13 Jul 2012 | 3:02 PM ET

    An IRA can contain anything that makes you money, but as with any DIY investment, caution is required.

  • Senate Democrats Pushing Tax Cuts for Business Tuesday, 10 Jul 2012 | 5:22 PM ET

    Democrats want to push tax cuts through the Senate for companies that hire new workers, give raises or buy major new equipment this year.

  • Former Obama Advisor: 'Fiscal Cliff' Plunge Likely Tuesday, 26 Jun 2012 | 10:57 AM ET

    Everyone is talking about the looming “fiscal cliff,” but just how likely is the United States to go careening over it? Pretty likely, says former Obama economic advisor Jared Bernstein. .

  • Recession-Proof Industries Thursday, 19 Apr 2012 | 4:51 PM ET
    Starting a small business is a risky proposition even in the best financial times. If you’re thinking about starting one but are worried about how it will fare during a downturn, you might want to consider an industry that can be described as “recession-proof.”A recession-proof industry caters to an ongoing demand. If a business provides goods or services fitting this profile, its odds of weathering economic storms are better than those that don’t. This is why medical and diagnostic laboratories

    If you're worried about how yours might fare during a downturn, consider a recession-proof industry, which caters to ongoing demands.

  • Tax Day Pulitzer to the Times' Kocieniewski Tuesday, 17 Apr 2012 | 3:40 PM ET
    Pulitzer Prize Medallion

    New York Times reporter David Kocieniewski's Pulitzer was well-deserved, and perfectly timed.

  • Sole proprietors may be on top of it in terms of getting their taxes done, but they may be cheating themselves: According to data compiled from online accounting solution Outright.com, business owners are neglecting to report mileage expenses on their tax returns.

  • IRS Form 1040

    Here are some things to check or consider if you still have the good old "1040 Form" on your to-do list, the Christian Science Monitor reports.

  • Taxes

    Even if you haven't finished — or started — filling out your tax forms, you've still got time to get your receipts in order and work the tax code to your advantage.

  • 11 Celebrities Hit by the Taxman Tuesday, 20 Mar 2012 | 4:51 PM ET
    It’s not tax time just yet, but it’s looming uncomfortably on the horizon. The conscientious among us have already filed their tax forms or are in the process of doing so. The rest of us hem, haw and put it off until the last minute.Apart from the punctual and the lackadaisical, another category of taxpayer exists: The taxpayer who, for one reason or another, has failed to accurately disclose all of his or her earnings. Sometimes this is a simple mistake. Sometimes it’s the accountant’s fault. S

    Some celebrities, including Lauryn Hill, fell out of good standing with the IRS, and paid dearly for it. Read ahead to see some of the celebrities who just didn’t get that return in on time.