Taxes

Take a close look at your Form 1040. By studying the line items under adjustments to income and itemized deductions, you may be able to determine what steps to take to reduce your tax liability.

Deciphering how property tax rates are set is not easy. There is no single formula used by states and counties to calculate property taxes. In fact, more than 13,500 local governments have the authority to assess property taxes; all states allow local governments to set their own tax rates even though many states place limits on their rates.

As irritating as it is to discover you've made a tax mistake, it's not as hard to fix as you might think.

U.S. drugstore chain operator Walgreen is under pressure from a group of shareholders to consider relocating to Europe to gain tax benefits.

Whether you are expecting a refund or waiting until the last possible moment to cut a check to Uncle Sam, there’s still time to reduce your tax liability.

The payment will affect your property's basis, so the first step is to calculate its basis.

If you became a homeowner this year, there are a number of fees and taxes you have probably never heard of before--but that means you could be leaving money on the table.

Kids depend on you for a lot, but at tax time they could pay off when you claim them as dependents.

If it comes down to paying your mortgage or credit card bill or the IRS, experts often recommend choosing the latter, because no one wants the agency as a creditor. Here's how to stay out of how water.  

If you don't make a lot, the earned income tax credit could help you get some cash back.

No one really knows what will trigger an audit by the IRS, but experts say there are some common factors that can increase your chances of ending up in the hot seat.

Between rising tax rates, expiring laws and the elections, taxpayers must be vigilant.

There is a way to make tax liens disappear from your credit reports completely, and quickly, but not all taxpayers dealing with this problem know about it. 

There's at least one blitz Peyton Manning won't be able to avoid. And it's coming from New Jersey's Treasury Department.

It's usually better to borrow money to pay your tax bill than to rack up penalties and interest with the IRS. You have a few options, including credit cards

Congress allowed 55 tax breaks to expire at the end of 2013. Here's a look at what this means for boomers' tax returns.

If you are a party to a lawsuit and you win, that's good news. But keep in mind that sometimes the financial award you receive may be taxable income.

Figuring out the best way to pass down a property and minimize taxes can be tricky.

A new tax scam has been making the rounds and tricking consumers from handing out their personal information. Don't fall for it.

There are many proposals to change the tax code to help close the income gap in the country. And the secondary-earner tax deduction is designed to reduce the tax burden for working parents in this economic profile.