Tax News
More Americans to save their tax refunds
Americans are going to be a lot more tightfisted with their tax refunds this year, with more people planning to save the cash they get back from Uncle...
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Christie Offers Tax Cut in New Jersey Budget
After two years of enforcing austerity, Gov. Chris Christie of New Jersey presented a $32 billion budget on Tuesday, arguing that the state could affo...
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Obama’s Tax Policy Targets Slice of His Base: The Affluent
The president’s plan would increase the taxes of well-off Americans, who represent a growing constituency for the Democratic Party....
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Working All Day for the I.R.S. - Common Sense
Sift through mounds of I.R.S. data and discover something you probably already knew: People who work pay the bulk of the taxes....
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IRS: Beware of the 'dirty dozen' tax scams
As the tax season kicks off this year, the IRS is keeping an eye out for scam artists who steal identities, lie about charitable donations and hide in...
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White House Sees Buffett Rule More as a Guide
The Buffett Rule, which sets minimum tax rates for millionaires, is not in the president’s budget plan because it would complicate the current tax c...
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A Proposal to Tax Stocks Annually
Readers react to an Op-Ed writer’s proposal to change how we tax stocks....
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Military Cuts and Tax Plan Are Central to Budget Proposal
President Obama’s final budget request of his term amounts to his agenda for a desired second term, with tax increases on the affluent and cuts in s...
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The $13,000 adoption tax credit is back!
An adoption tax credit that brought huge refunds to many unsuspecting families last year is back....
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‘Innocent Spouses’ Get More Relief From I.R.S.
The I.R.S. is now more likely to grant what is known as “equitable relief” in cases involving an innocent spouse — the one who was stuck with th...
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Most Expect to Give More Than They Receive, Poll Finds
A majority of Americans say they expect to pay more in federal taxes over their lifetime than they will ever receive in benefits from the government, ...
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Looking to 70 1/2, a Magic Number in Retirement Plans
Financial planners recommend various strategies for minimizing income taxes in tapping an individual retirement account or 401(k) plan. Photo...
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Diversified Portfolios Can Complicate Tax Planning
For tax-efficient investing, an investor needs to consider not just the asset, like a foreign stock or a commodity, but also the vehicle in which the ...
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Tax Software Is Put Through the Paces - Review
Which tax preparation software is right for you? A review of three programs tells how they fare in keeping you from making mistakes....
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Tax Code Faces Another Year of Reckoning
For two decades, politicians have promised to make the tax code simpler and fairer, but this time they have a deadline of sorts, with the scheduled ex...
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A Guide to Preparing an Income Tax Return
A sample return for a hypothetical New York suburban family....
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New Rules for Reporting Capital Gains Kick In - Tax Tips
A new I.R.S. form for capital gains is just one change for taxpayers to keep in mind this year. Here’s a look at some of the new tax wrinkles, along...
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I.R.S. Steps In for Nonfilers, at a Potentially High Price
When the I.R.S. detects that a person did not file a tax return, it eventually does the job itself, but without including all sorts of possible deduct...
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Rich, Gingrich and crazy rich
Which presidential candidate paid the most in taxes? Who is the most charitable? Here's an inside look at the top candidates' 2010 income tax returns....
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Romney made $42.7 million in 2 years
Republican presidential candidate Mitt Romney made $42.7 million over the past two years and paid $6.2 million in taxes, according to documents releas...
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