Taxes

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.

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.