5 Tax Credits You Can't Afford to Miss
By cutting your tax bill dollar-for-dollar, tax credits are a can't-miss way to pay less to the IRS. Here are five tax credits you need to know about.
Child tax credit
A Radical Solution for the Social Security Crisis: Have More Babies!
In the debate over how to keep Social Security afloat, two proposals dominate: Either raise taxes or cut benefits. Neither is an attractive option, but one there is little-mentioned solution that could fix Social Security almost painlessly: Make more cute little Americans.
What the 'Fiscal Cliff' Will Mean for You
The economy is rumbling along, out of control. Straight ahead, the road abruptly ends, yet the horses show no signs of slowing. Next stop: the fiscal cliff! Here's how the looming crisis will affect the average American family.
Fiscal Cliff: What Really Happens If We Go Over It
It's still unclear what lawmakers will do to address $7 trillion in looming tax increases and spending cuts. If they do nothing by Dec. 31, here's what will happen.
Senate Set for Symbolic Showdown on Tax Cuts
The Senate is bracing for a tax-cut showdown that is all about Democrats and Republicans showing voters their differences over taxing the well-off while accusing each other of threatening to shove the government over a fiscal cliff.
Tax Time for Single Parents Can Be Doubly Aggravating
At tax time, being a parent comes with certain perks: the Child Tax Credit, the Child and Dependent Care Credit, a bigger Earned Income Tax Credit, among others. But while single parents have many of the same breaks as married parents, there are some they miss out on.
Get Ready to Pay Thousands of Dollars More in Taxes
Lawmakers have gotten in the habit of waiting until the last minute to extend many tax breaks, but last year, they ran out of time. Now, unless Congress acts soon, millions of Americans are face changes that could leave them sending thousands of dollars a year more to the IRS.
The Child Care Tax Break Many Parents Overlook
Thanks to confusing and often misunderstood rules surrounding child-care tax breaks, the author has overpaid Uncle Sam to the tune of $1,000, missing out on $200 in tax savings each year for the past half-decade. Read on to avoid her mistake -- unless you enjoy filing mounds of amended returns.
A Peek Inside the IRS's Suggestion Box
In the complicated, confusing, and confounding world of taxes, we citizens have a little-known ally within the IRS: the Office of the Taxpayer Advocate, Nina Olson. Olson welcomes your thoughts via a suggestion box on tax reform. So far, she's received roughly 1,500 submissions, and she's still asking for more.
