income tax

Best (and Worst) States To Be a Taxpayer

The tax burden the average American pays varies tremendously and much depends on where you live, according to a study that ranked all 50 states and the District of Columbia.

IRS Watchdog Warns of Massive Tax Scam

Thousands of Americans nationwide have been targeted by a phone scam in which fraudsters claim to be from the IRS and demand money for unpaid taxes, the IRS' watchdog says.

The 5 Most Asked Tax Questions

Whether your tax question is about claiming a parent as a dependent or deducting your books for college, an expert offers advice on them all.

5 Ways Taxes Can Affect Your Credit

Finding that you owe the IRS money come tax time shouldn't affect your credit reports. But if you don't have the money to pay what you owe, it can affect your credit score.

Will You Get Audited This Year?

Claiming an excessive amount for charitable donations and forgetting to include a form are among the most common reasons for audits.

Tax Savings for Young People

Young taxpayers should plan these moves throughout the year to reduce their taxable income and earn more tax deductions. Here's where to find big savings.