tax laws

8 States Making Tax Changes: Some Painful, Some Pleasant

As you prepare your tax returns for 2012, be warned: A number of states have made or are considering big changes to their state income taxes. With some of those changes already having taken effect, you need to know whether you're in the line of fire -- or in line for a tax break.

The IRS Wants to Tax Your Illegal Income

Believe it or not, the federal government requires that money acquired through illegal means be reported and taxed just like legitimate income. The instructions are right there on the income tax form.

How to Do Your Taxes if You're a Same Sex Married Couple

2012 was a banner year for the gay marriage movement, but there's still a shadow hanging over the celebrations of those victories: In the eyes of the federal government, couples in legal same-sex marriages are still single. Here's how that affects their taxes.