taxes

Regardless of who wins the presidential election, starting January 2013 some 163 million workers across the United States will be slapped with a significant tax increase.

Because of Emancipation Day, a little known Washington D.C. holiday that this year is being celebrated on April 15, US taxpayers had until April 18 to file their taxes. For some people that still won't be enough time to get all their papers in order. If you find yourself in that boat, you can file for an extension with the IRS. It's important to remember that filing an extension doesn't extend the

While doing (and paying) your taxes is the opposite of a good time, there are some taxes that are so ridiculous, they're actually kind of fun. Well, maybe not so fun if you actually live in one of these states. Check out our list of seven ridiculous state taxes:

One of the few joys of tax preparation is making deductions and watching your bill from Uncle Sam get lower and lower. Here's a list of five expenses that might be tempting to deduct, but are strictly forbidden by the IRS.

It’s tax time! It can get overwhelming to file all alone. Here are a few resources that might help. The IRS Website The IRS’s website, while written in legalese, is the ultimate guide to everything you’ll need to know about your taxes. Here, you can download tax forms and find out which items are deductible. The site is a valuable resource if you’re filing your own taxes.

It’s tax season, but that also means it's tax return season, too. In 2010, the average return was $3,036. That’s a lot of money to get at one time. With all that extra cash, you might be asking yourself, "How should I spend it?" Here are few ideas.

With tax day just around the corner, the IRS is readying itself to spot this year's round of tax evaders. Given the lack of impulse control and sense of entitlement among the celebrity set (we're looking at you, Charlie Sheen), it should be no surprise that the famous and the powerful are among the worst tax cheats out there. Here are seven celebrities who didn't pay the tax man, and ended up payi

Wow, we have been wasting billions of dollars in tax payers' money. Obama called for a detailed report to discover areas of spending that may be redundant or just plain dumb. What they found--546 such programs that fell into one of these categories. Even republicans are stating the obvious, " makes us all look like jackasses."