irs

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.

Is the Saver's Tax Credit Right for You?

Low- and moderate-income families can save money on their taxes every year with the Saver's Credit. That includes contributions to traditional IRAs, Roth IRAs, and 401(k)s.

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.

Tax Savings for Empty-Nesters

Empty-nesters should make these moves throughout the year to keep their bill low at tax time. Here are the areas where you should look for savings.

Ways to Save on Taxes All Year Round

If you managed to claim every possible tax break that you deserved when you filed your return last spring, pat yourself on the back. But don't stop there. Here's why.

Smarter Ways to Give to Charity

Many people scramble to make charitable contributions before Dec. 31 to get a tax break, but that may not be the best move for either their finances or charities.