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, June 2, 2015 3:14 pm
By Kay Bell · Bankrate.com

If you’re not as rich as Caitlyn Jenner, formerly Bruce Jenner, the cost of transitioning from one gender to another is a major expense. The tax code might be able to help.

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Wednesday, May 27, 2015 9:59 am
By Kay Bell · Bankrate.com

The IRS’ online tax transcript feature was breached by crooks who used taxpayer data they stole elsewhere to get the filers’ tax information, too.

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Tuesday, May 26, 2015 3:15 pm
By Kay Bell · Bankrate.com

Congress is hesitant to hike the federal gas tax, which has been stalled at 18.4 cents a gallon for 22 years, but some states are bumping up their fuel levies.

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Thursday, May 21, 2015 11:57 am
By Kay Bell · Bankrate.com

Be careful what you say, especially about your taxes. You never know who might be listening! One taxpayer’s conversation with the IRS made it onto Howard Stern’s show.

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Tuesday, May 19, 2015 12:07 pm
By Kay Bell · Bankrate.com

Keystone State lottery players now get their winnings free of state taxes. The governor is proposing a tax on some jackpots as a way to close the state’s budget gap.

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Thursday, May 14, 2015 2:12 pm
By Kay Bell · Bankrate.com

Two New York City waitresses’ posthumous surprise tip is best ever because it’s tax-free.

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Tuesday, May 12, 2015 1:17 pm
By Kay Bell · Bankrate.com

Tom Brady will lose $2 million if his NFL four-game suspension is upheld. Massachusetts and New York tax collectors also will lose money if the quarterback doesn’t play.

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Thursday, May 7, 2015 4:08 pm
By Kay Bell · Bankrate.com

A recent investigation by the Treasury inspector general for tax administration investigation looked at a cases where IRS employees didn’t pay their taxes.

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Tuesday, May 5, 2015 10:37 am
By Kay Bell · Bankrate.com

The 2016 presidential campaign is well under way. I know, I can hear your groaning through the Internet. To borrow a campaign catchphrase, I feel your pain. As I type, six Republicans are seeking their party’s nomination. But by the time you read this, a couple of more candidates may have declared. The Democrats so far

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Thursday, April 30, 2015 1:16 pm
By Kay Bell · Bankrate.com

Maine’s governor wants his state to become the 10th one with no income tax. The advantages and disadvantages of no taxes aren’t necessarily clear cut.

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