5 Ways to Pay the IRS Less Next April
If you're still in shock from the amount of taxes you just paid, start working now to reduce what you send the IRS next year. Here are five ways you can shave your tax bill.
capital gains
Fiscal Cliff Averted: Details of the Deal
An agreement was reached late Monday between the White House and Senate Minority Leader Mitch McConnell aimed at averting the fiscal cliff. Early Tuesday morning, the Senate passed the bill, and late Tuesday night, so did the House. Let's break down the key points of the deal.
Don't Let Divorce Destroy You at Tax Time
Divorce is one of the hardest things you may ever go through. But while you're focused on your now-adversarial relationship with your ex, you shouldn't forget to keep an eye on another entity that may be after a larger chunk of your assets thanks to your split: The IRS.
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.
2012 Tax Rule Changes: What You Need to Know
Like it or not, the rules for filing your taxes change every year. Here's a gallery of some of the more important changes hitting taxpayers this year.
What to Watch This Week: Taxes, Imax, eBay and More
This week, holiday shoppers have turned into post-holiday exchangers. And while Main Street shops for sweaters in the right size, Wall Street has a few items to cross off of its "to do" list before New Year's Eve, too.
The High Cost to Middle Class of Low Taxes on the Rich
The GOP approach of cutting taxes and slashing expenses has its attractions: Nobody likes paying taxes, and "tightening our belts" sounds ever so grown up. But these proposed cuts in taxes and spending will benefit the wealthy, while placing an outsized burden on the country's poor and middle class.
Income Inequality on Course to Hit Record Levels
With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift -- a change in the tax rules that lets the rich pass their wealth on to their heirs at the lowest tax rates in decades.
How to Lower the Taxes on
Your Investments
Could you be keeping more of the money that your portfolio is producing? DailyFinance spoke with two top professional investment managers and came up with eight tax strategies to help you maximize your after-tax returns.
