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Now that tax year 2015 is in the rearview mirror, it’s time to turn your attention to the return you’ll be filing next year.
In addition to seeing smaller paychecks every week as they pay taxes throughout the year, millions of Americans have to pay even more to the IRS by the April 15 deadline.
Accountants work so hard around this time of year that they’re literally making themselves sick.
The clock is ticking for tax procrastinators — today is the deadline for filing your 2015 returns.
Buying a home no longer offers attractive tax breaks, due to near-record low mortgage rates and an increase in the standard deduction.
You still have time to take these eleventh-hour small-business tax deductions, which could save you thousands of dollars.
Make sure you’re up on credits you may be able to claim. It could make a serious dent in your tax burden or even result in a tax return.
A dairy farmer and a convenience store owner are working to get back their cash they say was wrongfully seized by the IRS years ago.
Pot is illegal on the federal level, but the IRS code states, “Marijuana businesses are required to file federal income tax returns.”
Data breaches exposing taxpayers’ personal info are on the rise. Are you at risk for tax-return fraud or other common tax scams?
As 2015 nears its end, take a moment to reflect upon the year. If a drop in income put you in a lower tax bracket this year, perhaps because of a job loss or just a temporary gap in employment, you may want to consider converting money from a traditional individual retirement account to a …
As they say, good deeds are their own reward. Even so, there’s nothing wrong with taking a tax deduction for a charitable donation. Not surprisingly, the end of the year — a time when people like to wrap up loose ends — is an especially popular time for giving. December takes the top spot for …
Eamon Javers takes a look at how the White House is reacting to the Pfizer-Allergan merger.
Death and taxes may be two of life’s major certainties, but just as healthy living can help extend your life, savvy tax moves can help boost your tax savings – as long as you make them before Dec. 31. There are no significant tax changes looming as 2015 winds down, which is good news. However, …
Tax-loss harvesting — the practice of selling a security that’s experienced a loss, to realize that loss and offset taxes on both income and other investment gains — is one way to “reverse investors’ gloom” at year end, said CNBC Senior Personal Finance Correspondent Sharon Epperson. But tax-loss harvesting is complicated, and there are some …