A new cap on the deduction for state and local taxes has prompted some New Jersey residents to shop around for lower property taxes. The surprise: They didn't have to pick up stakes to a new state in order to lower their bills. » Read More
By: Darla Mercado
Large withholdings may yield large refunds, but one Florida man took this to the extreme. Here's how he managed to scoop up a large check from the IRS — and why you shouldn't try this. » Read More
The average tax refund issued by the IRS is $1,949, down from $2,135 in the year-ago period, according to the IRS. That may not necessarily be a bad thing. Here's what you should know. » Read More
By: Sarah O'Brien
The deduction for medical expenses is one of the few remaining tax breaks available to taxpayers. » Read More
Before you submit your return to Uncle Sam, take a last look to make sure you aren't missing these tax breaks.
The government shutdown came at a terrible time for the IRS, according to a report from the National Taxpayer Advocate. Filing season is likely to be rocky.
If you get a threatening call from the purported IRS or meet a tax preparer who promises you a giant tax refund, be wary. You're probably dealing with a fraudster.
Goodbye, Illinois. Hello, Alaska! Here are the 10 most — and least — tax-friendly states for middle-income households, according to GOBankingRates.
The implementation of the Tax Cuts and Jobs Act is shaking things up this tax year. While many gripe about lower refunds, some will be surprised by bigger checks.
A fat check from the IRS this year likely means that you overpaid on taxes last year. Here's what you need to know.
If you're lucky enough to have a Roth 401(k) at work, you have the makings of a tax-free bucket of retirement income. Here's what you should know about it.
Some early-bird tax filers are getting a nasty surprise from the IRS: a shrunken tax refund or a bill for amounts owed. Here's what you should know.
Whether you own a home or you're shelling out for higher-education costs, Congress has yet to approve these breaks known as tax extenders.
If you bought your 529 college savings plan through a financial advisor, be sure to ask if you're in the right investment based on your time horizon. Picking the wrong fund could lead to high fees.
The qualified business income deduction is a tempting tax break for entrepreneurs — as long as they are eligible to take it. Here's what you should know.
Although most taxpayers will never face an audit or even receive correspondence from the IRS, some things on tax returns generate more attention than others.
Vermont Senator Bernie Sanders' new "For the 99.8% Act" would raise estate taxes up to 77 percent for those leaving over $1 billion.
An Arizona state senator, Gail Griffin, has proposed levying a $20 tax on internet users who want to view adult content. What you need to know about levies on your vices.
Searching for a strategy to help you trim your tax bill in retirement? Your employer might be able to help.
If you're a full-time remote worker, you no longer can take a tax deduction for the cost of working from home.