tax filing

The U.S. Senate is schedule to vote Tuesday on a bill that would repeal an unpopular tax-reporting requirement enacted as part of last year's health-care law. The House of Representatives approved the bill last month.

Editor's note: This story originally appeared on October 28, 2010, but has been updated to reflect new information. If you're one of the hundreds of thousands of taxpayers who wait until the last minute to file your taxes, make a note: The IRS recerntly announced that the due date for 2010...

By now, you're aware there's no magic bullet for reducing your taxes. But you can take several steps to reduce your overall tax bill this April. Here are 11 items to consider before filing your federal income tax return: Double check your math. It seems obvious, but the IRS cites bad math as...

To the tune of "Shaft" played by the Columbia University marching band, dozens of income-tax filers raced up the steps of New York City's main post office Thursday near midnight. The deadline that so many Americans dread had arrived. Inside, hundreds fidgeted in line and scribbled on forms and...

Even though you're nearing the home stretch for getting your taxes done, that doesn't mean you should pay a preparer too much. These fee averages supplied by the National Society of Accountants can serve as a guideline for hiring the person you're going to have to pay once Uncle Sam finishes with...

American Express announced Monday that it's going to allow its Membership Rewards customers to pay their federal and some state and local income taxes using membership rewards points. Whether it's a good deal or not depends on how desperate you are.

You know it's tough economic times when the Internal Revenue Service says it will waive late penalties and negotiate payment plans for struggling taxpayers. But with 10 million people out of work as tax-filing season approaches, the IRS is changing its rules to show that the tax man does indeed...