Tax Center

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    What's your 2014 tax bracket?

    Yahoo Finance is answering your most-searched finance questions of the year. The second most-asked question was: "What's my 2014 tax bracket?"

    Yahoo Finance Video
  • Beware promises of 'outlandish' and inflated tax refunds, IRS warns

    It's hard to resist the promise of a big refund -- especially when you never imagined you had one coming to you. Yet promises of "outlandish" or inflated tax refunds are exactly what scammers ...

    CNNMoney.com58 mins ago
  • 15 Believe-It-Or-Not Tax Deductions

    "How about a charitable contribution for all the time I donate to the church?" No, again. "Can I count the wedding gift for my boss's daughter as an employee business expense?" Come on! On the other hand, your fellow taxpayers have successfully claimed write-offs for many things that most of us…

  • Tax Savings for Rich People

    Stash cash in a self-employed retirement account, be creative with your generosity and think twice about selling stock for a profit if you're subject to the AMT.

  • Tax Hacks 2015: 6 Things Sneaky Tax Preparers Won’t Tell You

    From fraud to incompetence to hinky tricks to outright ripoffs, the field of tax preparation is a magnet for some of the worst consumer abuses. In the video below, Money Talks News founder Stacy Johnson describes common tax-time schemes to part you from your money. After watching, read on to find…

    Money Talks News
  • Beware: Some 1099 Tax Forms Can Trick You

    Don't accidentally report more taxable income than required.

  • Stop hiding money offshore, IRS warns tax cheats

    The IRS has been cracking down on tax cheats trying to hide money in offshore accounts. But it's still one of the top tax scams out there. U.S. tax filers who knowingly cheat on their taxes by parking ...
  • Will Obamacare Complicate Your Taxes? Not Likely

    We’ve been talking about it for years, but this is the year the Affordable Care Act finally shows up on your tax return. The health insurance mandate imposed by Obamacare was implemented last year, and now it’s time to pay the piper if you didn’t sign up for coverage. Do you get your health…

    Money Talks News
  • Common Tax Filing Rules for Student Loan Credits, Deductions

    With the Super Bowl coming up soon and the end of the football season approaching, the Student Loan Ranger wanted to remind you that it will soon be that time again -- tax season.

    U.S.News & World Report
  • White House drops plan to scale back college savings plans

    The White House says it is dropping a proposal to scale back the tax benefits of college savings plans amid a backlash from both Republicans and Democrats. President Barack Obama made the proposal last ...

    Associated Press
  • Think you'll win a Super Bowl bet? It's taxable

    The National Gambling Impact Study Commission estimates illegal sports wagers amount to as much as $380 billion annually. If the gambling study estimate is even remotely accurate, the U.S. Treasury is missing out on an enormous amount of revenue since gambling winnings, whether obtained legally or…
  • Red flags that tempt the tax auditor

    You've just joined an elite club, one whose initiation ritual is an IRS audit. The first year of the kinder, gentler IRS, about 1 in 79 tax returns were audited.
  • IRS: Be on Guard For Identity Theft and Other Tax Season Scams

    If you’re not careful, you could find yourself doing battle for your tax refund. You may not discover that there’s a problem until you try to file your legitimate tax return. So, one common sense measure: File early, and give would-be scammers less time to get their hands on your Social Security…

    Money Talks News
  • Most Overlooked Tax Breaks for the Newly Widowed

    For the first two years after your spouse's death, you can file as a "qualifying widow or widower if you have a child living with you who qualifies as your dependent." This filing status also lets you use joint-return rates, but you don't get an exemption for your late spouse. It doesn't matter…

  • IRS warns of shady tax preparers stealing refunds and identities

    Tax preparers are supposed to help you navigate the complex world of tax returns and tax laws, not steal your money. While most preparers provide "honest, high-quality" service, there are some ...
  • Tax Prep: Demystifying the Home Office Deduction

    It's the home office deduction, and rumors abound about who qualifies, how it's calculated and whether taking it automatically flags an IRS audit.

    U.S.News & World Report
  • How to save $100 a month for retirement

    Almost anyone can save $100 a month -- a mere $25 a week -- for retirement. The easiest way to save $100 per month for retirement is to have the amount withheld from your paycheck and deposited into a retirement, savings or investment account. If you don't have access to a retirement account at…

    U.S.News & World Report