income tax

5 Tax Credits You Can't Afford to Miss

By cutting your tax bill dollar-for-dollar, tax credits are a can't-miss way to pay less to the IRS. Here are five tax credits you need to know about.

Happy 100th Birthday, Income Tax!

On Sunday, the 16th Amendment -- the one that laid the groundwork for a permanent federal income tax -- celebrated its 100th birthday. Needless to say, not everybody was lining up to celebrate. But perhaps they should have been.

Obamacare Taxes: How the Changes Will Impact Your Income

Obamacare, aka the Affordable Care Act, has created its share of controversy among both supporters and opponents. Expect the arguments to get even louder once taxpayers start having to pay for it. In just a couple of months, two tax increases tied to Obamacare will take effect.

Safety Net Success Stories: Four Former 47%-ers Speak Out

At some point in your life, were you a 47%-er? On the heels of a leaked videotape in which GOP presidential candidate Mitt Romney spoke harshly of those who pay no federal income tax, some now-successful Americans have been stepping up publicly to answer this question in the affirmative.

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.

These Little-Noticed Tax Hikes Are Raiding Your Wallet

In a tough economy, the last thing many people can afford is for the government to take more of their money. Yet at least in some places, recent tax increases have already taken a big bite out of taxpayers' wallets, and the worst may be yet to come.