- Days left

Rich, Famous, and in Arrears to the IRS: Recent Celebrity Tax Debacles


Increase your money and finance knowledge from home

What is Inflation?

Why do prices go up?

View Course »

How to Avoid Financial Scams

Avoid getting duped by financial scams.

View Course »

TurboTax Articles

Cities with the Lowest Tax Rates

The total amount of tax you pay reaches far beyond what you owe the federal government. Depending on where you live, most likely you're required to pay additional taxes, including property and sales tax. The disparity between the amount of tax you pay in a low-tax city and that in a high-tax city can be dramatic. Living in any of these 10 cities could save you a bundle, although the exact amount may fluctuate based on your income and lifestyle choices.

Cities with the Highest Tax Rates

Much ado is made in the press about federal tax brackets, but cities can carry a tax bite of their own. Even if you live in a state that has no income tax, your city may levy a variety of taxes that could eat away the entire benefit of living in an income tax-free state, including property taxes, sales taxes and auto taxes. Consider all the costs before you move to one of these cities, and understand that rates may change based on your family's income level.

Great Ways to Get Charitable Tax Deductions

Generally, when you give money to a charity, you can use the amount of that donation as a deduction on your tax return. However, not all charities qualify as tax-deductible organizations. While there are many types of charities, they must all meet certain criteria to be classified by the IRS as tax-deductible organizations. There are legitimate tax-deductible organizations in many popular categories, such as those listed below.

A Freelancer's Guide to Taxes

Freelancing certainly has its benefits, but it can result in a few complications come tax time. The Internal Revenue Service considers freelancers to be self-employed, so if you earn income as a freelancer you must file your taxes as a business owner. While you can take additional deductions if you are self-employed, you'll also face additional taxes in the form of the self-employment tax. Here are things to consider as a freelancer when filing your taxes.

Tax Deductions for Voluntary Interest Payments on Student Loans

Most taxpayers who pay interest on student loans can take a tax deduction for the expense ? and you can do this regardless of whether you itemize tax deductions on your return. The rules for claiming the deduction are the same whether the interest payments were required or voluntary.

Add a Comment

*0 / 3000 Character Maximum


Filter by:

Interesting.... a two to one ration of ethnic backgrounds which didn\'t pay their tax burdens. And they are incarcerated for criminal activities at more than a two to one ratio. Makes one wonder what\'s really the cause of all this crime, if not an cultural/behavioral thing.

April 17 2013 at 12:34 AM Report abuse +1 rate up rate down Reply

If the rich and famous would quit being so greedy and pay their taxes instead of hoarding they would not have problems in this area.

April 14 2013 at 10:50 AM Report abuse rate up rate down Reply
1 reply to Hitmanblues's comment

You failed to mention the 350 billion in back taxes owed by federal employees

April 16 2013 at 8:36 PM Report abuse rate up rate down Reply

Millionaire tax cheats......what else is new ?

April 14 2013 at 10:34 AM Report abuse +1 rate up rate down Reply

Besides money what does she see in that creep? Pomous with anger management issues! They say when you have sex with someone you are having sex with all of their past partners and all of their past partners so he\'s definately carrying some cooties!

April 13 2013 at 9:28 AM Report abuse +1 rate up rate down Reply

Hi.....didn't expect to see you here this morning

April 13 2013 at 8:25 AM Report abuse rate up rate down Reply
Paul MacLeod

an incredible foolish and malicious article.. why would you write it in the first place..???? what are you trying to accomplish ? you make it sound like it's the IRS who is a victim.. when are nothing more than a collection agency for the federal reserve and a bunch of thugs.. why not write a story about the federal reserve.. how federal is it.? who owns it.. how do they make money .. or create money of thin air ? explain why the IRS was formed.. instead you attempt to vilify innocent citizens ..

April 13 2013 at 7:24 AM Report abuse +2 rate up rate down Reply
1 reply to Paul MacLeod's comment

malicious ?
these morons are in their own elitist class and thought they didn't have to pay tribute like ALL THE REST of us.

April 13 2013 at 11:20 PM Report abuse +1 rate up rate down Reply

The colors need to match.

April 13 2013 at 12:51 AM Report abuse rate up rate down Reply

i hate ******** that have to write storis like this. mind your ownf------ business.

April 13 2013 at 12:23 AM Report abuse rate up rate down Reply

Maybe if Tiger would find himself a nice black girl, things would go better.

April 12 2013 at 10:55 PM Report abuse +1 rate up rate down Reply

Hugh Hefners wife is just as pretty as Tiger's gal. Tell you something Tiger?

April 12 2013 at 10:17 PM Report abuse rate up rate down Reply