taxes

Best (and Worst) States To Be a Taxpayer

The tax burden the average American pays varies tremendously and much depends on where you live, according to a study that ranked all 50 states and the District of Columbia.

IRS Watchdog Warns of Massive Tax Scam

Thousands of Americans nationwide have been targeted by a phone scam in which fraudsters claim to be from the IRS and demand money for unpaid taxes, the IRS' watchdog says.

Will You Get Audited This Year?

Claiming an excessive amount for charitable donations and forgetting to include a form are among the most common reasons for audits.

Is the Saver's Tax Credit Right for You?

Low- and moderate-income families can save money on their taxes every year with the Saver's Credit. That includes contributions to traditional IRAs, Roth IRAs, and 401(k)s.

Tax Savings for Young Families

Young families should make these moves throughout the year to keep their tax bills low at tax time. Here are the areas where you should look for savings.

Tax Savings for Empty-Nesters

Empty-nesters should make these moves throughout the year to keep their bill low at tax time. Here are the areas where you should look for savings.

Smarter Ways to Give to Charity

Many people scramble to make charitable contributions before Dec. 31 to get a tax break, but that may not be the best move for either their finances or charities.