Taxes Blog

Want to make filing your annual state and federal tax returns easier? Bankrate’s Taxes Blog focuses on how to deal with real-life tax situations, from which forms to file to tax brackets and rates to credits and deductions that will lower tax bills. To ensure that the tax tips are up-to-date, Bankrate’s Taxes Blog also keeps an eye on tax-law changes and the politics behind state and Internal Revenue Code alterations. See the latest posts below.
Wednesday, July 27, 2016 2:05 pm
By Kay Bell · Bankrate.com

Students facing overwhelming college loan payments sometimes are able to have that debt forgiven. But then they are hit with a tax bill. New legislation seeks to change that.

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Monday, July 25, 2016 6:05 am
By Kay Bell · Bankrate.com

The Democratic Party’s platform committee felt the Bern, with Bernie Sanders making inroads in the tax area of the party’s guiding document.

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Tuesday, July 19, 2016 4:16 pm
By Kay Bell · Bankrate.com

Sen. Ted Cruz lost a bitter nomination fight to Donald J. Trump, but the junior senator from Texas won many of the GOP’s platform planks.

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Monday, July 18, 2016 6:05 am
By Kay Bell · Bankrate.com

Presumptive Republican presidential nominee Donald Trump is working on making his tax plan mesh with the GOP’s official party platform. Will changes be revealed at the convention?

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Thursday, July 14, 2016 2:03 pm
By Kay Bell · Bankrate.com

A disgruntled GOP member reportedly will give $5 million to a charity if Donald Trump will release his tax returns. That’s money that likely won’t be spent, or donated.

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Tuesday, July 12, 2016 12:33 pm
By Kay Bell · Bankrate.com

Internal Revenue Service efforts to stop fraudulent tax refunds are posing problems for legitimate taxpayers waiting for their real refunds, according to the latest National Taxpayer Advocate report.

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Thursday, July 7, 2016 12:57 pm
By Kay Bell · Bankrate.com

The NBA and MLB impose luxury taxes on teams that exceed spending caps. The new NBA champion Cleveland Cavaliers are facing a $54 million luxury tax.

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Wednesday, July 6, 2016 3:59 pm
By Kay Bell · Bankrate.com

Lionel Messi is not having fun this summer. First he missed a penalty kick that cost his Argentina team a major championship. Now he’s a convicted tax felon in Spain.

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Thursday, June 30, 2016 10:51 am
By Kay Bell · Bankrate.com

The 2017 tax filing season is still 6 months away, but the IRS is already making plans to fight tax identity theft and refund fraud that it expects to see next year.

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Tuesday, June 28, 2016 12:29 pm
By Kay Bell · Bankrate.com

Baby boomers start turning 70 1/2 this year, but it’s the IRS that will be getting the gifts when boomers start taking taxable required distributions from retirement accounts.

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