Personal Income Taxes

One of the more controversial aspects of the Affordable Care Act is the mandate that everyone have health insurance or pay a penalty. However, certain people are exempt from this requirement. Who are they, and how do they prove their exemption?

By Dave Roos

Here's a handy checklist to help you gather all the documents you need to do your taxes and get the biggest refund you can!

By Alia Hoyt

"Injured spouse status" sounds terrible, but it actually could be a good thing when it comes to paying taxes to the IRS. Learn what this tax status means for your debt and whether you qualify for relief.

By Melissa Phipps

When it comes to filling out tax forms, mistakes happen. It's up to you to make sure you've corrected them. That's why the IRS provides Form 1040X. Learn more about the amended tax return form.

By Jane McGrath

The fresh air, the open fields, the rooster crowing in the distance: Who doesn't yearn for the farmer's life? But idealized as it may be, farming is still a business -- a volatile one at that -- and farmers need all the tax breaks they can get.

By Kate Kershner

Many people who benefit from the Affordable Care Act also have to do some financial juggling pay their monthly premiums. But a tax credit can help. Find out how they make the Affordable Care Act, well, affordable.

By Alison Cooper

How does the federal government provide a financial incentive to businesses to hire groups who have historically found it difficult to find full-time work? Through the work opportunity tax credit.

By Susan Sherwood

Special tax credits are available to people with disabilities as well as to those who care for them. Let's explore them.

By Susan Sherwood

We're all looking for ways to reduce the amount of money we give to Uncle Sam. Did you know there's a way to do that and save for retirement at the same time? Find out how putting money in a (401)k can reduce your tax bill.

By John Perritano

Your honeymoon's barely over, and it's already time to file your taxes. You heard filing jointly had great perks, but will you and your beloved still benefit since you haven't even been married a year?

By Gallagher Flinn

One perk of being employed (as opposed to being an independent contractor) is that your company pays half of your Federal Insurance Contributions Act tax. No clue what FICA is? It accounts for a big chunk of your federal income taxes.

By Kate Kershner

You're about to tie the knot and your fiancé drops a bombshell. He owes a hefty sum in back taxes to the IRS. Now what? Will his bill become yours after you say your "I do's"?

By Gallagher Flinn

Bankruptcy is difficult enough to deal with by itself. But then adding the drudgery of figuring out how it will affect your tax return can make your situation feel hopeless. But it's not. Your options depend on the form of bankruptcy you filed under.

By John Perritano

You both pay the bills. You both keep a home. You both raise the kids. Does the IRS consider you both heads of households?

By Gallagher Flinn

Mega Millions and the Powerball lotteries have collectively hit over $1 billion. But if you happen to win one (or both) how much will Uncle Sam want?

By John Perritano

Private school has a number of benefits. But what about when it comes to tax day? What is the IRS doing to help ease the cost of your child's education?

By Gallagher Flinn

If you make money from the stock market, the IRS is interested in that - they get a cut. How do you determine what you owe them?

By Susan Sherwood

You might be tempted to pay less than you owe on taxes throughout the year and make up the difference at tax time. Unfortunately, the IRS does not agree with that tactic and may sock you with a penalty.

By Susan Sherwood

The IRS recognizes five types of business: sole proprietorship, partnership, C corporation, S corporation and limited liability company. Which one should you choose?

By Susan Sherwood

An IRS audit is treated on TV with the same dread as hearing Bigfoot in the forest. But an audit doesn't always spell doom and gloom and we'll tell you why. We can't speak for Bigfoot, though.

By Patrick J. Kiger & Amanda Abella

Considering the mental gymnastics some of us get into when it comes to write-offs, filing our taxes could qualify as an Olympic sport. Fortunately, the IRS offers quite a few common -- and even convenient -- deductions to help save us the trouble.

By Kate Kershner

Residual - or passive - income is the kind of money generated while you're busy doing other things. Find out what passive income is and how you're supposed to pay taxes on it.

By Melissa Phipps

Figuring out what qualifies as a work-related travel expense can be tricky when you're in a war zone. What other challenges do active duty military personnel face at filing time?

By Julia Layton

Not only U.S. citizens and legal residents are required to file federal income tax forms. Nonresident aliens have to do so as well. These have their own special exemptions.

By Dave Roos

Do you suspect someone of cheating on their taxes? You can report it to the IRS and perhaps even receive a reward. But just be sure you know what you're talking about - and be prepared to wait.

By Melanie Radzicki McManus