Tax Center

Sponsored by
TurboTax
  • The downside of striking it rich

    Many people think winning the lottery or getting a hefty inheritance means all their problems will disappear. But sometimes when that daydream turns into a reality, it can actually become a nightmare.

    Yahoo Finance
  • Play

    My experience getting audited

    It's every taxpayer’s worst nightmare – an audit. Sure, big corporations and billionaires with off-shore bank accounts can expect some extra attention from the IRS. But what about personal finance bloggers who spend their days dishing advice on sound financial decisions – there’s no way they could…

    Yahoo Finance Video
  • Here's what it's like to get audited

    It’s every taxpayer’s worst nightmare – an audit. Sure, big corporations and billionaires with off-shore bank accounts can expect some extra attention from the IRS. But what about personal finance bloggers who spend their days dishing advice on sound financial decisions – there’s no way they could…

    Yahoo Finance
  • Play

    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
  • Correcting Mistakes After You File: Amended Tax Returns

    So you filed your federal income tax, and just when you thought it was safe to spend your refund, did Uncle Sam come calling again? Might be time to file an amended return. About 5 million taxpayers filed amended returns last year, according to the IRS.

    Money Talks News49 mins ago
  • IRS says U.S. corporate tax audits down sharply after budget cuts

    Federal tax audits for U.S. businesses were down 6 percent in the last fiscal year, ended on Sept. 30, falling to their lowest level in eight years as the Internal Revenue Service faced budget cutbacks and a decline in enforcement staff, IRS Commissioner John Koskinen said in a statement on…

    Reuters
  • Tax Hacks 2015: Can’t Pay Your Taxes? Here’s What to Do

    Visit the Money Talks News Solutions Center for more information about a Personal Loan. Buy time, sort of: If by April 15 you ask for an automatic extension of time to file your income tax return, the IRS usually gives you two extra months — for filing, not for paying. “We recognize that some…

    Money Talks News
  • Protect yourself from tax identity theft

    There are steps people can take to help prevent tax identity theft—and to cope after it happens.

    The Wall Street Journal
  • 5 Biggest Tax Breaks Extended for the Middle Class

    While the majority of the tax breaks in the bill pertain to businesses, several provide relief to individuals and the middle class.

    The Cheat Sheet
  • The 8 Most Common Mistakes When Filing Annual Taxes

    Doing your own taxes gets more convoluted with each year, but according to the IRS, the most common filing errors are often the simplest.

    The Cheat Sheet
  • 32,774 ‘found’ IRS emails prompt criminal probe

    The reason for the hearing was the targeting of conservative groups by the IRS, prompting an apology by the agency. As early as March 2010, four different IRS offices sought out applications from conservative groups with the words “tea party” or “patriot” in their names and made demands that were…

    The Fiscal Times
  • Properly defined dependents can pay off at tax time

    The key tax breaks associated with a child are the child tax credit, the child and dependent care credit and the earned income tax credit. Each dependent directly translates into an exemption, a specific dollar amount, adjusted annually for inflation, that you deduct from your adjusted gross income.

    Bankrate.com
  • Is Obamacare Going to Cost You Your Tax Refund?

    Incorrect health care statements from the government affected 800,000 people this year. An estimated 750,000 people will have to wait to file their returns.

    The Cheat Sheet
  • When a Bit of Extra Income Can Cost You Big Bucks

    Exceeding certain income thresholds can make you miss out on valuable credits and subsidies, and could subject you to extra taxes.

    Morningstar
  • Tax Moves That Could Save You a Bundle

    Readers discuss how they used the last bear market to their tax advantage, the role of donor-advised funds, and more.

    Morningstar
  • Let the IRS Pay for Day Care

    Tax incentives give parents some relief from the high costs of child care.

    Motley Fool
  • 3 of the Worst Ways to Spend Your Tax Refund

    Last year, the average tax refund was around $2,650. Here are some of the most ridiculous things we spent that money on.

    The Cheat Sheet
  • 9 tax tips for the self-employed

    One of the downsides of being your own boss is you also have to be your own tax accountant.

    USA TODAY