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: Michelle Fox
New Jersey Democrats Rep. Bill Pascrell and Sen. Bob Menendez introduced a bill in both the House and Senate earlier this week that would repeal the $10,000 federal cap on state and local tax (SALT) deductions. » 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
The deduction for medical expenses is one of the few remaining tax breaks available to taxpayers.
"I suspect there should be higher taxes for the wealthy around the world and I don't think they would object to that," the Virgin Group founder tells CNBC.
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.
Bill Gates says tax policies should focus on taxing wealth rather than income.
The plan would raise taxes on capital gains as a way to discourage companies from pursuing share repurchases.
The call to increase taxes on the wealthy has been gaining steam — but that isn't enough to stop to the growing wealth and income gap in America, says Democratic former Sen. Heidi Heitkamp.
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.
The top 1-percent—and even more specifically the top 0.1-percent, "aren't paying their fair share," says Hughes, an advocate for wealth equality.
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.
Senate Finance Committee Chairman Chuck Grassley will not tweak the new state and local tax deduction cap while he leads the panel.
Democrats will call for candidates to disclose 10 years of tax returns as part of a comprehensive ethics reform package known as HR1.
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.
Mourinho accepted a one-year prison sentence for over tax fraud — but he won't be serving any jail time and will instead pay a fine.