tax

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.

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.

It's Official: Wealth Gap Is Our No. 1 Source of Conflict

Do you think that the biggest conflict in America today is between the rich and the poor? If so, join the club: According to a recent Pew Research Center poll, 66% of Americans believe the wealth gap is the greatest cause of tension in this country.

Even With Buffett Tax, Middle Class May Still Get Hit

Warren Buffett's tax proposal would take a bite out of America's wealthiest families: Those who make $1 million or more would pay a total of 30%, while those who make more than $10 million would pay 35%. But even if his plan passes, experts say balanced budgets will still require sacrifices across the board.

IRS Cuts 'Innocent Spouses' Some Slack

When people play fast and loose with their taxes, they often leave their spouses -- and ex-spouses -- in the dark. Until now, those innocent wives and husbands had a short window to appeal to the IRS for relief -- and the window sometimes closed before they knew there was an issue. Now, the IRS is trying to make its policy fairer.

Tax Day Deals

Tax day bites from CinnabonNobody likes spending money on Tax Day. For many Americans, writing that check to Uncle Sam is painful enough.

To make it more enjoyable, many...