IRS Overpaid on Tax Credit for the Poor by Up to $13.6 Billion
IRS over-refunds for the Earned Income Tax Credit are one of the bigger line items in the U.S. budget, but few politicians in either party are looking to fix the EITC problem.
Earned INcome Tax Credit
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.
5 Simple Rules for Keeping Your Tax Bill in Check
It's getting a lot harder to stay current with all the tax-law changes and to keep your tax bill under control. Follow these five rules and you can minimize the pain.
Claim Your 2009 Tax Refund Before It Disappears
About 1 million people never filed tax returns in 2009 who should have, and the IRS owes them more than $900 million. But if they don't act before April 15, it'll be too late.
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.
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.
4 Things New Parents Need to Know About Taxes
When it comes to taxes, the news for parents is generally good. Here's a brief look at some of the ways that having children can help you save on your tax return.
Last-Minute Tax Tips: How to Chose the Right Form to File
With just a week to go before April 17, it's crunch time for getting your taxes filed. If you're just now getting started, the first question you have to answer is which form you should use to file. Here's how to figure it out.
Who Really Gets the Lion's Share of Entitlements?
Conservative politicians have spent the past few months venting their ire on America's entitlement programs, and the alleged mass of lazy layabouts who make use of them. But a closer look at who actually lands in the social safety net reveals some surprising facts.
The Tax Break That Millions Miss Out On
There's a popular tax break out there that paid more than 26 million workers a total of nearly $59 billion last year. Yet as many as 1 in 4 of those who qualify for this tax credit failed to claim it, missing out on hundreds, or even thousands, of dollars. That break is the earned income tax credit.
Newlyweds, Don't Let the IRS Spoil Your Honeymoon
Getting married should be one of the happiest events of your life. But even if everything goes perfectly on your special day, the IRS may spoil the party. That's because getting hitched means big changes on your taxes. Here's a quick rundown of what you need to know.
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.
