Obamas Pay 18.4% Federal Income Taxes, Donate Big to Charity
The White House has released 2012 tax information for the President and Vice President. The President and First Lady paid $112,214 in taxes on income of $608,611.
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Overwhelming Support for Taxpayers Giving the Least They Can
A strong majority of Americans support their fellow citizens' doing everything they can within the law to minimize their tax obligations: 85% approve, 56% strongly.
The Most-Overlooked Tax Deductions
Cut your tax bill to the bone by claiming all the breaks you're owed, including some you may have forgotten or might have never heard of. Here are the top missed deductions.
Tips to Help You Finish Your 2012 Tax Return Now
If you've been putting off the onerous task of finishing your tax returns, these tips for filing your 2012 return will help you breathe easier.
Saving on Your Tax Bill: 3 Things You Might Not Have Considered
Before you start planning for 2013, you still have 2012 taxes to worry about. Take these three steps to keep your bill as low as possible.
Could Itemizing Save You on Taxes? Find Out
Though we all groan about having to pay taxes, the government is nice enough not to tax us on everything we earn. There are two big buckets of deductions the government gives us: The first are called "above the line," and the second are called "below the line," and those are what we'll cover here.
Aging America: Changing Family Dynamic May Lead to Tax Relief
Members of the sandwich generation - caught between supporting elderly parents whose assets are nearly exhausted and adult children without jobs - might find some relief come tax time. The bottom line is, who's a dependent?
Your Year-End Tax To-Do List: A 5-Step Plan
Nobody likes to spend the holidays thinking about taxes. But by spending a little time now, you can potentially give yourself a nice reward when your IRS refund comes next year. Here are five ways you can uncover tax savings between now and New Year's Eve.
Home Damaged by Hurricane Sandy? Get Some Tax Relief
If Hurricane Sandy damaged your home, you may face months of waiting for much-needed repairs and insurance reimbursements. But you might find some relief from an unlikely source - the IRS.
Presidential Debate Preview: What They'll Say About Taxes
In Wednesday's much-hyped debate between Barack Obama and Mitt Romney, few topics will loom larger than taxes -- a subject about which the two parties and their standard-bearers are fundamentally, philosophically divided. Here's what you're likely to hear.
Your Taxes Are Due!
Unless you've filed for an extension, today is the last day to get your taxes turned in to the IRS. It also happens to be Tax Freedom Day, when the average American has worked enough days to have paid all their taxes for the year.
Can't Pay Your Taxes? 6 Tips for Filers Who Owe Too Much
What should you do if you owe the IRS a big bill on Tax Day but don't have the ability to pay it right now? Don't despair. Here are a few smart options that can help.
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.
Tax Audit Red Flags: 11 Things That May Get the IRS to Pick You
Audits are avoidable: From outlandish charitable giving to claiming a home office, there are a host of specific thing that can set of warning bells with the IRS. Here are the things the IRS looks for, and tips to help you avoid its scrutiny.
The Tax Move You Should Make Now for Next April 15
Your taxes are filed and done. Victory dance? Actually, hold on. There's one more step you should take, whether you got a big refund or owed Uncle Sam a big check: It's time to take another look at your withholding.