taxes

Acting IRS Head Steven Miller to Resign, Says Obama

Speaking on the controversy over the Internal Revenue Service's treatment of conservative political groups, President Obama said acting IRS commissioner Steven Miller was out.

Congress' Tax Chiefs Want You to Help Make the Tax Code Simpler

If filing your taxes makes you crazy, now's your chance to do something about it. Two key lawmakers are asking ordinary Americans for advice on improving the U.S. tax code.

A Bright Spot from Federal Budget Cuts: Fewer IRS Audits

Thanks to the government's austerity spending cuts, you have a lower chance of being audited this year. That's good news for you, but bad news for the federal budget.

Higher Cigarette Prices Help Ignite Altria's Quarterly Profit

Marlboro-maker Altria Group's first-quarter profit rises on higher prices for its cigarettes and smokeless tobacco products.

The 10 Biggest Things Your Income Taxes Pay For

Now that tax season is over, it's natural to wonder exactly where the hard-earned dollars you paid in income tax over the past year actually went.

IRS Overpaid on Tax Credit for the Poor by Up to $13.6 Billion

IRS over-refunds for the Earned Income Tax Credit are one of the bigger line items in the U.S. budget, but few politicians in either party are looking to fix the EITC problem.

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.

What Happens When You Don't File Your Taxes

What happens to Americans who either forget or flat out refuse to file their taxes?

White House Shows Taxpayers Where Their Money Went - Sort Of

On Monday, the White House rolled out "Your 2012 Federal Taxpayer Receipt," an online tool that purports to detail how your personal taxes are spent. But it's not that simple.

Boston-Area Taxpayers Will Get Time on Taxes, IRS Says

Noting the tragedy at the Boston Marathon that killed three and injured more than 100, the IRS said it will be providing individual tax filing and payment extensions.

Here'™s All the Free Stuff You Can Get on Tax Day

Tax Day got you down? There are plenty of freebies to console you, including free shredding at Office Depot and snacks at Cinnabon and Arby's.

'How I'm Spending My Tax Refund'

From getting a Tibetan terrier puppy to saving for an engagement ring, here's how six people plan to spend their tax refunds this year.

Obamas Pay 18.4% Federal Income Taxes, Donate Big to Charity

The White House has released 2012 tax information for the President and Vice President. The President and First Lady paid $112,214 in taxes on income of $608,611.

8 Types of Taxable Income That Might Surprise You

There's nothing simple when it comes to tax laws, so it's important to know which sources of income are taxable -- and some may surprise you.