Tax Break

The 10 Biggest Tax Mistakes I See: A CPA Tells All

Given how complex the tax code is, it's not surprising that people mess up when filing their returns -- making mistakes that can cost you thousands of dollars. CPA Gary Craig offers these tips on how to avoid the top tax filing blunders.

Fiscal Cliff Deal Leaves Much of the Budget Crisis Still Hanging

The fiscal cliff compromise on taxes leaves critical issues of borrowing, spending and budget cutting unaddressed, and lawmakers have given themselves only two months to settle their differences. Here's a look at what's been resolved and what they left hanging.

Should New Yorkers Get a Break on Their Federal Income Taxes?

To bring the federal deficit down, taxes must go up on the rich. But "rich" means very different things in different parts of the country. You need not pity the poor Wall Streeter just scraping by on $1 million -- but average New Yorkers really are getting disproportionately slammed by the tax man.

Is This Your Last Shot to Grab Investing Gains Totally Tax-Free?

When Congress passed the Bush tax cuts in 2003, they set the dividend rate and the long-term capital gains rate at just 15%. But the rate was made even lower for people in the bottom two tax brackets -- and if you qualify, you may only have a few more weeks to capitalize on that.

Senate Republicans Block Tax Cut Extensions

The Senate failed to pass a bill that would have extended tax cuts for all but the richest Americans on Saturday, falling nine votes short of the two-thirds majority needed.

Americans Deeply Divided Over Tax-Cut Extensions

While most people support extending at least some of the George W. Bush-era tax cuts due to expire this year, a new Gallup/USA Today survey finds that Americans are deeply divided on which cuts should continue -- and for how long.