Personal Income Taxes

Taxes are inevitable, but if you are educated, you can soften their impact. Learn about tax and money organization, income taxes and other topics in the Taxes channel.

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How Tax Shelters Work

Tax shelter. It sounds like a nice idea. After all, if you want to take shelter from something, storms and taxes are the first two things on the list. There are many legitimate tax shelters. But, as with most things, tax shelters can be used for wrongdoing.

How Tax Brackets Work

You might be on your last dollar, but it's not always a reason to sing the blues. In fact, in the strange world of taxation, your last dollar could actually put you in a higher tax bracket. So what does that mean for you and your money?

How Filing Tax Extensions Works

April 15: People rush to complete their tax forms and race to the post office to mail them. If you get your envelope postmarked before midnight, you're in the clear, nothing to worry about. But what happens if you don't?

How to Leverage Charitable Contributions on Your Tax Returns

Charitable contributions are a great way to simultaneously help people in need and give yourself a tax break. But are there restrictions on what you can claim on your taxes?

How Filing Tax Amendments Works

You sign your Form 1040, seal it up in an envelope and send it off to the IRS. But then, you're shuffling through your file cabinet when you come across a W2 you forgot to file. What now?

How Personal Property Taxes Work

You may already know that you need to pay property taxes on your real estate. But what about your car, the new boat you just bought, or even Fido? Depending on what state you live in, you could have to pay personal property taxes.

How the 2008 Tax Rebates Work

In 2008, President Bush signed the Economic Stimulus Act, which will gave more than 130 million households a rebate from their 2007 tax returns. What are the rules for this type of tax rebate?

How Inheritance Tax Works

Death tax. Estate tax. Inheritance tax. They all mean the same thing: The government imposes a tax on a grieving heir for any money they receive from the deceased. What is the tax that is levied, and how much will this tax cost you?

How Capital Gains Tax Works

You already know that when you sell your stocks, you've got to pay taxes on the profits. But did you know you're supposed to pay taxes for selling your old comic books, too?

Filing Income Taxes

Are you spiraling toward tax day with questions still unanswered? Uncertainty and confusion can cause us to procrastinate, but these insider tips will take you past April 15 with your sanity still intact.

Can the IRS tax virtual money?

When online sales of virtual assets for hundreds and thousands of dollars became commonplace, Congress took notice and asked the GAO to investigate. What did its report reveal?

How to Organize Your Taxes and Money

If April rolls around and all you've pulled together to file your taxes is a messy pile of receipts and statements, you may need a little organizational help. We've got a few tips to help you turn that mess into a neat financial statement.

How Income Taxes Work

If you've ever filled out a 1040, you know the U.S. tax system and the agency that keeps it going are complex and mystifying entities. But paying income tax is a fairly recent activity in America. Find out its history and some alternative proposals.