Why marriage is costly – for some – at tax time

Some wealthy and low-income married couples are losing out at tax time, but experts say eliminating the so-called marriage penalty...

Cheat on taxes? Never! (Really)

We may grouse — a lot — about paying our taxes, but when push comes to shove most people think cheating on your taxes is not OK. Really...

Tax tips: How to get free help with taxes

You can’t get away with not paying your taxes, but there are ways to file your tax return without shelling out much additional cash. The...

Don't make these common and costly tax mistakes

Taxes are never as simple as we would like. But you can easily avoid a number of common missteps and make filing season a lot easier.

More Americans think Uncle Sam unfair on taxes

Americans’ faith in the fairness of their taxes has slipped to its lowest level in more than a decade, according to a new survey released...

Tax day is next week! Need some help?

There’s no need to panic – yet – but you’d better get going if you want to get your tax return done on time. During a TODAY Money web...

Can't pay your tax bill? 5 steps to take now

As tax day draws near, some people may be surprised to discover they owe money — or owe more money than they expected. What should you do...

Payroll tax hike doomsday: Stocks, real estate buffer impact

Economists predicted catastrophe: As workers started taking home paychecks in January that were 2 percent lighter – thanks to the...

It's tax time: You had questions, we had answers

For most of us, doing the income tax return is a major project. The laws are confusing and they keep changing all the time. During a...

What if I can't pay my taxes? Rule No. 1: Don't panic

Failing to file a tax return or extension because you're afraid you can't come up with the dough is the worst thing you can do. You'll...

Surprise! Forgiven debt may be taxable income

Creditors are often willing to negotiate a significant discount to settle a debt they know the customer can’t pay in full. Millions of...

Rich will keep spending, despite higher taxes ... for now

Despite higher tax bills this year, the richest Americans will keep spending. If a pullback in savings continues over the long term,...

Tax bills for wealthy could reach 30-year high in 2013

The poor rich. With Washington gridlocked again over whether to raise their taxes, it turns out wealthy families already are paying some...

Should IRS report tax deadbeats to credit bureaus?

Here’s a scary thought, especially if you owe back taxes: What if the Internal Revenue Service reported your payment history to the big...

Prepare your taxes for free with 4 top software providers

Less than two months remain before the April 15 deadline to file your 2012 taxes. Before you spend $200 on professional tax preparation...

Here's how we want Uncle Sam to spend our tax dollars

If you’re among the millions of Americans who will be filing your federal income taxes in the coming weeks, chances are you’ve given some...

IRS identity theft crackdown nets 109 arrests

Federal authorities have taken action against 389 theft suspects as part of a coast-to-coast crackdown on identity theft, the IRS...

Warning: Tax relief scammers take your money and run

For Valerie Tobias, a grandmother who lives just outside of Chicago, the TV commercial for American Tax Relief was the answer to her...

These tax-time refund offers should be avoided

You plan on getting a tax refund, but you don’t have the money to pay for the tax-preparation service. No problem, just sign up for a...

Don't let the fiscal cliff throw you a tax-prep curveball

Among the storm and thunder during the fiscal cliff wrangling was hand-wringing over how it might mess up all our taxes this year. People...

Tax refunds are 'windfall' for most American families

The first tax refunds will go out in mid-February, and millions of Americans can’t wait to get that money. Last year, the average refund...

IRS will start taking tax returns on Jan. 30

Most taxpayers will be able to file tax returns on Jan. 30 despite the last-minute tax law changes passed by Congress as part of the...

Online tax filing popular with taxpayers – and thieves

The vast majority of Americans filed their tax returns electronically last year, taking advantage of e-filing systems that offer...