Personal Finance

If there's anything certain in this world, it's that kids ask tons of questions. Sure, you may know what to say when they ask why dogs bark or why the sky is blue, but when your kids want to know about paying taxes, what should you tell them?

By Kate Kershner

Saving money is not the only reason to consider doing your taxes yourself. Sometimes, you are your own best accountant. Here's why.

By Alia Hoyt

You get two things when you donate to a charity: a feel-good moment and a tax deduction. And donations don't have to take the form of a cash or check. Property and goods and services count, too - sometimes.

By Alison Cooper

Congratulations! After months of planning, you are officially married. Now it's time to kick back, relax and ... pay the bills? Marriage may be fueled by love, but living together costs money.

By Karen Kirkpatrick

Having a kid isn't a sprint. It's a marathon, one likely to have financial implications for the rest of you and your child's lives. Planning and educating early can provide an enduring source of support down the road.

By Karen Kirkpatrick

Nobody wants their business to operate at a loss. But come tax time, you might at least be able to get some help if your business is in the red.

By Susan Sherwood

This might be the scariest phrase in the English language: tax audit. But not every missive you receive from the IRS is going to be bad news.

By Susan Sherwood

Sometimes called the Fair Tax, a consumption-based tax is often touted as the answer to the country's tax problems. But could it work?

By Melissa Phipps

Applying for a federal tax ID number couldn't be simpler. All you need is a computer, a telephone or access to a post office.

By Susan Sherwood

With so many people living in one state and working in another these days, taxes can be more complicated than ever before. Here are 11 tax tips to remember when filing.

By Dave Roos & Laurie L. Dove

Adopting a child can be extremely expensive. But as newly adoptive parents you're now eligible for certain federal tax credits. Read on to find out how to file.

By Susan Sherwood

Despite assumptions to the contrary, members of the clergy don't have it easy when it comes to taxes. So what are the complex ins and outs of getting taxed as a religious leader?

By Jane McGrath

Confused about why your bi-weekly paycheck is less than your actual salary? It's actually pretty simple. We'll show you how to figure out your "bring-home" pay.

By Susan Sherwood

Being a single parent can be tough, but at tax time, the government can actually help ease the burden. Here are 10 ways Uncle Sam can help.

By Laurie L. Dove

You've heard of the Roth IRA, but what about the Roth 401(k)? Many employers are offering them in addition to traditional 401(k) plans. So what's the difference?

By Susan Sherwood

Instead of blithely ignoring retirement plans, you're getting smart this year and contributing to an IRA. How exactly will that move help your taxes?

By Kate Kershner

Named after Sen. Paul Coverdell, this education savings account allows your money to grow tax-free and be distributed tax-free as well. So how do take advantage of this double blessing?

By Dave Roos

As the year ends, many businesses are not popping Champagne. They're trying to figure what to do in order to reduce their tax liability for next year. Are there any sure-fire (legal) methods to do this?

By Amanda Abella

Your company requires you to use your personal vehicle for work-related purposes. Can you really write off the car on your taxes?

By Kate Kershner

You moved from one state to another last year, and now it's tax time. Don't freak out. Paying income taxes in two states is actually a pretty simple process, if you know all of the IRS rules.

By Kate Kershner

Nobody wants to file taxes. But you're actually good at it and don't mind crunching numbers. You're no accountant -- but you help a friend file?

By Susan Sherwood

Discretionary income is simply the money you have but don't need to spend. But it's not just about you: Discretionary income is also used to monitor the larger economy.

By Chris Opfer

Did you make money outside of the U.S. this year? If so, here's a way you may be able to reduce your tax burden.

By Chris Opfer

Everyone knows taxes are due on April 15. Unless, of course, you have to pay them early. Here's a guide to estimated tax payments.

By Chris Opfer

If you're contracted to work for a company, the money you receive is called "nonemployee compensation." You might just call it cash. Why does the name matter?

By Chris Opfer