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.
Tuesday, April 7, 2015 10:01 am
By Kay Bell · Bankrate.com

A new law offers a special tax deduction option for cash gifts to charities providing aid to the families of two NYC police officers who were slain in December 2014.

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Thursday, April 2, 2015 3:54 pm
By Kay Bell · Bankrate.com

A new men’s NCAA basketball champ will be crowned on April 6. Also that day thousands of folks will cash in on their office betting pools. Now just don’t forget about the taxes.

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Tuesday, March 31, 2015 12:01 pm
By Kay Bell · Bankrate.com

Apparently Americans can’t add, subtract, multiply or do other math, at least not when working on their tax returns. Last year, the IRS caught 2.3 million math mistakes.

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Thursday, March 26, 2015 3:59 pm
By Kay Bell · Bankrate.com

A recent poll found that most people aren’t too upset about their own tax bills. However, they do worry that corporations and the wealthy aren’t paying their fair share of taxes.

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Tuesday, March 24, 2015 2:26 pm
By Kay Bell · Bankrate.com

Bills in the House and Senate call for a return to prior flexible spending account rules, including no OTC drug restrictions and no account contribution limits.

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Monday, March 23, 2015 9:00 am
By Jean Chatzky · Bankrate.com

What’s new? What should you look out for? Here are some tax-time tips that could save you filing headaches.

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Thursday, March 19, 2015 3:25 pm
By Kay Bell · Bankrate.com

The IRS is asking some taxpayers to verify their identities before it will process their returns. Don’t panic. It’s a legitimate effort to stop tax identity theft.

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Tuesday, March 17, 2015 3:18 pm
By Kay Bell · Bankrate.com

The Internal Revenue Service is likely to see its budget cut even more by Congress. One representative is trying to rally support for a budget hike. Good luck.

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Thursday, March 12, 2015 4:39 pm
By Kay Bell · Bankrate.com

Did or will you get a refund? What did or do you plan to do with it? Most folks surveyed by Bankrate say they’ll pay down debt or put the tax cash into savings.

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Tuesday, March 10, 2015 3:22 pm
By Kay Bell · Bankrate.com

Thinking about hiring a tax pro? Finding a good one is a major problem for many taxpayers, according to a recent tax season evaluation by some consumer groups.

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