Tax exemptions are the easiest way to lower your tax burden. They put money straight back into your pocket, and the good news is, the possibilities for claiming dependent exemptions are greater than you might realize.
Andrew Schrage of Moneycrashers.com explains how to save money by filing your taxes online.
Time is running out to make tax-deductible charitable contributions for 2012. If you'd like to donate at least $5,000 before the end of the year, you may want to consider doing it through a donor-advised fund, which provides special tax bonuses, flexibility and anonymity.
More information is coming out about Mitt Romney's finances: The Republican candidate for president will release his 2011 tax return this afternoon, posting it online at 3:00 pm.
The White House says President Barack Obama and his family paid more than $160,000 in federal taxes last year.
It happens to even the best investors: Sometimes, what seems like a smart investment turns out to be a big loser. But even if you suffer a complete loss, you can still salvage something from your experience when you file your tax return.
You may see your tax refund check as a choice between a crazy splurge and responsible saving. But you could also put that money to work for you less conventionally. Here are five good ways to spend $1,000 of your April windfall that you might not have considered.
Uncle Sam isn't the only one looking to collect from taxpayers this year: A rapidly growing number of Internet scammers are also using the guise of the IRS to siphon money out of consumers' pockets, security experts say.
Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
