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.
taxes
President Obama's Weirdest New Taxes
To achieve $1.8 trillion in new revenue, President Obama has plenty of big taxes in his budget proposal. Here are some quirky maneuvers he suggests.
Rich, Famous, and in Arrears to the IRS: Celebrity Tax Trouble
Stephen Baldwin is the latest celebrity to end up in the news for failing to file or owing back taxes. Here's a look at other boldfaced names recently in trouble with the IRS.
Critics Say Obama's Budget Breaks Campaign Promises
Critics of President Obama's budget proposal say he is breaking his promise to protect Social Security and his pledge not to raise taxes on the middle class.
Overwhelming Support for Taxpayers Giving the Least They Can
A strong majority of Americans support their fellow citizens' doing everything they can within the law to minimize their tax obligations: 85% approve, 56% strongly.
Tax Evader Wesley Snipes is Out of Prison, Into House Arrest
After serving more than two years in jail for tax evasion, actor Wesley Snipes was released earlier this week, though he will remain under house confinement until July 19.
Trickle-Down Taxation: Maryland Residents Facing 'Rain Tax'
Faced with EPA orders to reduce stormwater runoff into the Chesapeake Bay, Maryland has required its 10 largest counties to institute a so-called rain tax on property owners.
Galling Tax Loopholes that Cost the U.S. Government Billions
Corporations and wealthy individuals have already prepared for tax day by assiduously spending money in deliberate ways to minimize their tax liability.
Crazy Tax Deductions: Swimming Pools, Breast Implants and More
It's April -- prime hunting season for tax deductions -- and you won't believe what your fellow taxpayers have tried, and sometimes gotten away with, on their returns.
If You Donated for Sandy or Sandy Hook, Don't Expect Tax Break
If you donated to disaster relief in the wake of Superstorm Sandy, or local charities after the Newtown, Conn., school shooting, you may not get the tax break you expected.
The Worst Way to Pay Your Taxes: Put Them on a Credit Card
If you're one of the many taxpayers who owes the IRS some cash this year, you'll want to steer clear of one increasingly popular way to pay that tax bill: your credit card.
Shakespeare Was a Ruthless Businessman, Scholars Reveal
Hoarder, moneylender, tax dodger -- it's not how we usually think of Shakespeare. But the Bard also was a savvy businessman who grew wealthy trading grain in a time of famine.
Last-Minute Tax Filing Tips
Use these tax filing tips to avoid missing deductions or credits and paying the IRS more than you owe. Or worse, making mistakes that could get you in trouble with the taxman.
Court's Marriage Ruling Could Save Same-Sex Couples Big Money
If the Supreme Court overturns the federal Defense of Marriage Act, some married same-sex couples could save $8,000 or more in income tax.
The Most-Overlooked Tax Deductions
Cut your tax bill to the bone by claiming all the breaks you're owed, including some you may have forgotten or might have never heard of. Here are the top missed deductions.