The IRS says budget cuts forced the agency to reduce the number of tax audits last year to the lowest level in a decade.
The mortgage interest deduction is just the biggest way that tax laws help homebuyers. Improvements in energy efficiency and moving costs may also matter.
In a new setback for the health care law, the government says it made a tax-reporting error that's fouling up the filings of nearly a million Americans.
Consider the tax consequence when you sell some of the shares you own in a company. It's all about short- and long-term gains and losses.
If you make purchases with Bitcoins, you may face a tax accounting nightmare. And good luck estimating your quarterly payments if you're paid in Bitcoins.
If you signed up for health insurance under the Affordable Care Act, and had a major life change or earned more than expected in 2014, you may owe money.
Drawing down your pretax 401(k) and IRA balances before signing up for Social Security is one way to minimize taxes on your benefits.
These scams aren't always the bad guys trying to pull the wool over your eyes. Sometimes, the scams involve you trying to pull a fast one on the government.
For your tax preparer to help you the most, you need to provide complete, detailed and accurate information. Here's what you need to get in order.
If you live with someone, he or she might qualify as a dependent on your income taxes. Read on for how the IRS defines this situation.
Not all dollars reported on 1099s should show up on your 1040 form as taxable income. Make sure you don't accidentally report more than you have to.
Years of congressional budget cuts have left the IRS gutted. Here's how it's going to make your life harder and more expensive, too.
Before you reach for the plastic to pay your tax bill, understand the extra fee and other factors. And, no, cash-back rewards won't be enough.
There are several requirements your workspace must meet to be considered a legitimate home office. Here are tips on how to claim an home-office deduction.
It seems like every year, tax preparation companies try to find new ways to separate you from your money. Here's advice on how you can save at tax time.
Make sure you choose the federal tax form that best reflects your income, credits, deductions and breaks: 1040, 1040A or 1040EZ.
The current tax advantages of 529 college savings plans should continue to help students avoid being crushed by debt. Let Obama know how you feel.
Here are the five tax credits that the most Americans relied on to reduce their tax bills, with some tips on whether you can claim them as well.
Virtually anyone can claim to be a tax preparer, so how can you find someone competent? Can you get free advice? Or is software enough?