Suze Orman: U.S. Tax Code a 'Travesty' for Gay Couples
Personal finance expert Suze Orman, who is married to her female partner, took aim at the U.S. tax code's treatment of gay couples, calling it "a travesty."
income taxes
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.
Frugal Benefits of Filing You Taxes Online -- Savings Experiment
Andrew Schrage of Moneycrashers.com explains how to save money by filing your taxes online.
Higher Taxes in 2013? You're Already Paying Them for 2012
More than 70 tax breaks enjoyed by individuals and businesses expired at the end of 2011. If Congress doesn't extend them retroactively back to the beginning of this year, a typical middle-class family could face a $4,000 tax increase when it files its 2012 return.
4 Things New Parents Need to Know About Taxes
When it comes to taxes, the news for parents is generally good. Here's a brief look at some of the ways that having children can help you save on your tax return.
Obama Win Could Cost Romney $5 Million in Personal Taxes
Under his own tax proposal, Mitt Romney would pay half what he would under President Obama's tax plan, saving him almost $5 million a year. But if Romney wins, Obama could save as much as $90,000 a year.
What Will You Do With Your Tax Refund?
For more than three-quarters of U.S. taxpayers, the silver lining of tax season is the refund check. This year, the IRS says the average refund is just under $3,000, and many people will use theirs to pay off debt or cover expenses. But it could also create an opportunity to save or invest.
Getting to Zero: How Congress Could Balance the Federal Budget
It took about 10 years of decisions for the federal budget to get more than a trillion dollars out of whack, and it's going to take at least five years to balance it again. The only way to do it is piece-by-piece, with equal sacrifices from both Republicans and Democrats.
Property Taxes Keep Rising as Home Values Keep Falling
Common sense suggests that as home prices decline, the property taxes based on their valuations ought to as well. But even as house prices continue to slip, property taxes nationally are clicking higher.
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.
Obama Takes Liberal Heat for His Tax-Cut Compromise
President Barack Obama has cut a deal with Republicans to extend Bush-era tax cuts for two years and unemployment benefits for 13 months. But the plan is already drawing fire from Obama's own liberal supporters.
IRS Seeks Recipients for $164.6 Million in Tax Refunds
The Internal Revenue Service is looking for about 112,000 people who are due a combined total of $164.6 million in tax refunds. The tax agency said the average refund check was about 28% larger than it was a year ago.
Budget Deficit Unexpectedly Narrowed in October
The U.S. government started the new fiscal year on the right foot, posting $140.4 billion deficit in October, the first month of the new fiscal year. That was substantially lower than the $148 billion deficit that had been forecast.
2010 U.S. Budget Deficit Comes in Below Expectations
Investors received another sign Friday that the U.S. economy is continuing to heal: The 2010 U.S. budget deficit came in at a smaller-than-predicted $1.29 trillion. Though it was still the second-highest deficit on record, the numbers reflect growth in tax revenues, and thus in the economy.
Budget Deficit Dips More Than Expected
Investors received another slice of good news Monday about the U.S. economy: The federal budget deficit for August totaled a smaller than expected $90.5 billion, thanks to rising government revenues due to higher tax receipts from stronger corporate profits.
