The bulk of the things you could do reduce your tax bill for last year expired on Dec. 31. But not all of them. There are still a number of steps taxpayers can take to help reduce the bite on April 15. » Read More
By: Darla Mercado
If you have a flexible spending account at work and you still have money in it from 2018, you're running out of time. Here's what you need to know. » Read More
By: Sarah O'Brien
If you manage to beat the odds and nab the top prize, you can expect to pay tens of millions of dollars to Uncle Sam right off the bat. » Read More
By: Darla Mercado
Individual refunds are now in positive territory year over year, as the average check rises to $3,143. That's up from $3,103 a year ago. Here's what you can expect. » Read More
Whether you put away too much money in your IRA or you forgot that mandatory withdrawal in 2018, your CPA will unearth your mistakes come tax season. Here's what you should know.
Close to half of families participating in a poll by Haven Life still don't know what the new tax law means for them. Here's how it could affect their 2018 tax returns.
Fewer people are likely to itemize deductions on their 2018 tax returns, in light of changes from the Tax Cuts and Jobs Act. Here are six deductions that are off the table for many filers.
If you hit the jackpot, you can expect to pay 37 percent of your income to the IRS, along with ponying up for state taxes in most cases.
Whether you save it, spend it or use the extra cash to pay down debt, a tax refund offers a rare opportunity to improve your financial standing.
Yes, you can still cut your tax bill for 2018 and stash more money for retirement. Here's what you should know.
For some taxpayers, refunds might be smaller this year. Here's how to deal and what you can do to prepare for next year.
Your income tax return just might be the key to figuring out whether your spouse is squirreling away money. Here's what you should know.
Even though 2018 ended two months ago, these 3 strategies can still help you set aside money for your future and reduce your tax bill for last year now.
There's a new 1040 tax form to fill out this year. While it doesn't fit on a postcard, it is shorter. But that may not mean it will take you less time to fill out.
The super-rich have ways to lower their tax burden. Here are five things they do in order to ease their pain.
If you'll struggle to pay what you owe by Tax Day, experts say it's important to not panic and to file your return on time anyway.
It's time to make things official with your nanny, or else you risk catching heat from the IRS. Here's what you should know about household employees and taxes.
This year, go for zero. That is, pay the IRS exactly the amount you owe — no more and no less. A handful of taxpayers managed to do just that in 2016, according to SmartAsset's analysis of IRS data.
Many states are still trying to figure out if their own tax benefits apply to savers who turn to 529 accounts for private elementary, middle or high school tuition bills.
What's worse than merely filing your taxes? Submitting an incomplete or inaccurate tax return to the IRS. Here's how you can make this tax season a little less painful.