Taxes

Make the most of tax write-offs

Not all tax write-offs are the same. A quick guide to tax credits and tax deductions and how to make the most of both.  More

18 million callers can't reach IRS for tax help

Callers seeking IRS tax help are waiting between 15 to 25 minutes, and as many as four out of 10 callers won't get through.  More

Taxpayers vulnerable to unregulated tax preparers

Nina Olson, National Taxpayer Advocate, wants lawmakers to establish minimum competency standards for all paid return preparers, to cut down on fraud and errors that harm tax filers.  More

4 ways scammers can steal your tax refund

Identity thieves love tax season. It's a prime time to steal tax refunds. Here are some of the ways scammers try to steal your identity and how to avoid becoming a victim of tax fraud.  More

Do I owe taxes on fantasy sports winnings?

The IRS may be on your tail for all your winnings, but there's a way to reduce your tax bill.  More

Should people without kids pay higher taxes?

A column in Slate sparks debate about federal financial support for parents in a tax code that already offers breaks for families with children.  More

The top 1% and what they pay

The top 1% of taxpayers makes a lot but also pays a large share of federal income taxes and pays a higher average rate of all their earnings than those lower down the income scale.  More

Average tax refund so far: $2,831

Tax refunds are averaging $2,831 so far, according to the IRS.  More

Save your tax refund, win the lottery

This year, you can enter a lottery of up to $25,000 just by saving just a portion of your tax refund.  More

Caterpillar avoided $2.4 billion in taxes, report claims

The majority staff of the Senate Permanent Subcommittee on Investigations asserts that Caterpillar shifted billions of U.S.-generated profits in its lucrative parts business to a Swiss affiliate. The end result: A much lower U.S. tax burden.  More

Rand Paul's hopes for a flat tax

Rand Paul, the Libertarian-leaning, conservative senator from Kentucky, may run for president in 2016. If he does, you can bet you'll be hearing a lot more about the flat tax. Like many Republicans before him, Paul wants to move to single-rate system.  More

Find hidden IRA savings

These three lesser-known strategies can help you shelter even more from Uncle Sam.  More

Top incomes can be fleeting

The "top 1%" is often referred to as if it's a static group by the public and policymakers. But, in fact, there's a lot of turnover among the highest income taxpayers, studies show.  More

Who pays most income taxes? People 45+

By virtue of reaching their peak earning years and being part of a large generational group, those over 45 pay the majority of federal income taxes.  More

Taxpayers hit with fewer audits

The IRS is conducting fewer audits as funding for the agency continues to get cut.  More

Unlike 1960s, singles make up majority of tax filers

Demographics are a big reason why Uncle Sam now receives far more returns from single taxpayers today than in previous decades. But married couples still end up paying more into federal coffers.  More

IRS monitor: $1 million phone scam 'largest ever'

If the phone rings and the caller says he represents the IRS, be suspicious.  More

When do I stop paying Social Security taxes?

You don't have to pay Social Security taxes on earnings above $117,000.  More

IRS has $760 million in unclaimed refunds

The IRS is holding onto nearly $760 million in unclaimed tax refunds that will soon become the property of the government if taxpayers don't step up to collect it by April 15.  More

Tax season unleashes cyberscams

Cybercriminals ramp up malicious activity during tax season by aggressively targeting unsuspecting small businesses.  More

Colorado residents may get a refund for pot tax

Colorado's millions in recreational marijuana tax revenue could cause headaches for the state.  More

Average tax refund so far: $3,034

Four weeks into tax season, the IRS paid out more than 48 million refunds, at an average of $3,034 a pop. That's up 3% from the average refund paid during the same period last year, the agency said Thursday.  More

Same-sex couples still face tax nightmares

Many same-sex couples are facing major headaches this tax season, with differences between state and federal laws making taxes even more complicated in some cases.  More

Obama's budget: Help for workers, taxes for the rich

President Obama releases budget proposal for 2015 that includes more generous tax breaks for working families while scaling back breaks for the rich.  More

Obama wants better tax deal for working families

The president's 2015 budget will tweak some old proposals designed to make life easier for the working poor, to make college and child care more affordable and to make saving for retirement easier.  More

Republican tax reform plan unveiled

House Ways and Means Chairman Dave Camp put forth a tax reform proposal Wednesday that calls for lowering income tax rates for most Americans and businesses, but also reducing the value of or eliminating entirely key tax breaks, too.  More

12% of Americans say it's OK to cheat on taxes

While the vast majority of Americans say cheating on taxes is unacceptable, a good amount think it's fine to under-report income, claim bogus deductions and inflate credits.  More

Credit Suisse 'regrets' aiding tax evasion

Bank executives 'dismayed' by conduct that shielded billions from IRS, but say Swiss law prevents them from naming evaders.  More

4 ways the rich will pay more this tax season

The 2013 taxes of households that have six- and seven-figure incomes will be notably larger.  More

Beware the 'dirty dozen' tax scams

From identity thieves impersonating the IRS to tax preparers behaving badly, scammers are on the prowl this tax season.  More

Tax preparer horror stories

In most states, there are no training, education and competency requirements governing tax preparers and that is resulting in careless mistakes and outright fraud.  More

3,000 Americans ditch their passports

A staggering 3,000 Americans renounced their citizenship last year as the U.S. implements a new disclosure law to target tax evasion.  More

Much of the debate about the economy in this election is about taxes -- how much we pay, who pays it, if the burden is shared fairly. As the rhetoric heats up, these numbers can help you separate truth from spin.

Many people think they know what the rich pay in taxes and have strong opinions about it. But the reality isn't always as black and white as they think.

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