Court's Marriage Ruling Could Save Same-Sex Couples Big Money
If the Supreme Court overturns the federal Defense of Marriage Act, some married same-sex couples could save $8,000 or more in income tax.
estate tax
Estate Tax Is Alive and Well, and States Are Dying for the Revenue
The fiscal-cliff compromise kept the federal estate tax exemption at its former level of $5 million, but many state governments are imposing estate or inheritance taxes on more modest amounts.
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.
New Year's Reprieve: Senate Passes Fiscal Cliff Deal in Post-Midnight Vote
The Senate passed legislation early New Year's Day to neutralize a fiscal cliff combination of tax increases and spending cuts that kicked in at midnight. The pre-dawn 89-to-8 vote set the stage for a final showdown in the House, where a vote was expected later Tuesday or perhaps Wednesday.
Details of 'Fiscal Cliff' Deal Said to Emerge
Working against a midnight deadline, negotiators for the White House and congressional Republicans in Congress narrowed their differences Monday on legislation to avert across-the-board tax increases.
Taxes on Big Gifts Slated to Soar
Wealthy Americans are scrambling to transfer some of their riches before the end of the year when gift and estate taxes are set to jump. But be careful, warn the experts: Not everyone who can shift their money to the next generations right now should do it.
Year-End Tips to Trim Your 2012 Tax Tab
Year-end tax planning is trickier this time around: Unless Congress compromises, all the Bush tax cuts will expire when 2013 arrives, and many popular tax breaks that expired at the end of 2011 may not get revived. Here's how you can lower what you owe the IRS, regardless of what happens in Washington next month.
The Fiscal Cliff: Who Has the Most to Lose If We Fall Off
Beyond the land of presidential debates, the political arena is getting hotter. The pending economic catastrophe that is the "fiscal cliff" is drawing closer. But the broad numbers the pundits are tossing around hide some interesting truths about who'll feel the most pain if we hurtle over it.
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.
Pop Quiz! Who's Winning the Tax Game (and By How Much)?
To get a handle on our nation's economic problems, it helps to start with the facts. But not all of them are as obvious as you'd think, so we're compiling some of the most surprising for our readers. Think you know all the answers? Take our quiz and see.
What Candidate Romney and Queen Elizabeth Have in Common
With all the talk about Mitt Romney's worth -- as much as $255 million, we learned Friday -- we were intrigued by Monday's report on the holdings of Queen Elizabeth II. Turns out they have more in common than you'd guess, and the candidate could learn a thing or two from the monarch.
The Most-Often Overlooked Tax Deductions
Years ago the fellow who was running the IRS at the time told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-savers listed here.
10 Most Overlooked Tax Deductions
Years ago, the fellow running the IRS told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of these deductions. Don't be one of those millions: Read on, and find out how to cut your tax bill to the bone.
