Personal Finance

Losing your job is extremely tough financially, even with unemployment benefits. Don't get surprised come tax time.

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

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

Tax day is one day of the year most of us dread. So how can you get your tax bill as low as possible? Making sure all possible deductions are applied to your gross income is one way.

By Susan Sherwood

The federal government now recognizes same-sex marriages across the United States. As you and your spouse get ready to send in your tax return, these 10 same-sex marriage tax tips keep in mind.

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

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

If you're like many Americans, you probably haven't saved enough in your 401(k) for your retirement. But don't freak out -- just yet. You still have time to maximize your savings for your golden years.

By Kate Kershner

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

The Affordable Care Act comes with tax repercussions. The additional Medicare tax is one of them. Here's what it's meant to do -- and what it means for you.

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

If you're a small business owner or self-employed, listen up: An S corp might be a better way to go than an LLC or sole proprietorship when it comes to taxes. Here's what you need to know.

By Kate Kershner

The standard deduction can be pretty sweet. Single people in 2014 can get $9,100, while married and filing jointly will net $12,400. The standard deduction isn't for everyone, though -- and it does affect what you might like to itemize.

By Kate Kershner

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

When it comes to tax brackets, the numbers change a little every year. But if you jump from one bracket to another, your tax return can change dramatically.

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

In 2012, more than 80 percent of tax returns resulted in cash back from the government. Those are pretty good odds. But refunds aren't instant. Here's how to track yours -- and here are a few tips on getting it faster.

By Kate Kershner

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