Taxes

When an investment opportunity sounds too good to be true, it probably is. Especially when it comes to taking advantage of the tax code.

You may not have to pay tax on the capital gain of a second home if you pass certain tests.

The tax you'll owe will depend on what bracket you are in when you cash out your 401(k).

To make divorce proceedings even more painful, the tax man often gets involved and makes the process even more complicated.

You have to add up all the money from foreign relatives to see if you must report it.

Your son may have had to file taxes due to his part-time job. Can you still claim him?

You can exclude interest income for education expenses under certain circumstances.

One of the biggest areas of tax abuse is the improper claiming of the Earned Income Tax Credit, and the IRS is looking to fix that.

Taxes on an annuity depend on several factors, including age and income.

People sit up and pay attention when it comes to tax breaks and credits.

The tax you will owe on this generous gift will depend on several factors.

Though your property may be a money pit, you may still have to file taxes every year.

Whether you owe taxes depends on your filing status and whether you're showing a profit.

Both traditional and Roth IRAs have advantages and limitations when it comes to taxes. Learn how to address the tax liabilities of these vehicles wisely.

The tax deadline has come and gone and if you didn’t file your return or pay your tax liability, here’s what you can expect from the IRS.

You accounted for the 1031 property when you acquired it, so the IRS knows about it.

A grandparent who funds a 529 plan needs to avoid sticking the student with a tax bill.

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.