tax deductions

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.

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.

Will Americans Get Our Tax Breaks Back?

Tax planning is hard even under the best of circumstances. But when you can't be sure what the tax laws will be in the year ahead, it becomes almost impossible.

8 Tax Breaks Expiring at the End of 2013

April 15 may seem like a long way off, but with a little planning before the end of the year, you could take advantage of tax breaks to help you lower your tax bill.

5 Ways to Pay the IRS Less Next April

If you're still in shock from the amount of taxes you just paid, start working now to reduce what you send the IRS next year. Here are five ways you can shave your tax bill.

How to Amend a Tax Return

If you're just now realizing that you missed out on a tax deduction or credit for 2012, don't worry: You can file an amended return for up to three years.

Last-Minute Tax Filing Tips

Use these tax filing tips to avoid missing deductions or credits and paying the IRS more than you owe. Or worse, making mistakes that could get you in trouble with the taxman.