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Here’s what to know about records to hang on to and how long you should keep them.
Taxpayers can follow their refund online, by phone or with a smartphone app.
A new IRS form helps you figure tax withholding from your paycheck. But it’s not easy.
The IRS issued more than 111 million refunds last year. Here’s how much money was refunded.
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Filing taxes is one of the unpleasant certainties of life, but the process doesn’t have to be your worst, or most costly, nightmare. In fact, sometimes you can make the tax system pay off, if you know [...]
Itemizing deductions can yield more savings for some. The downside: a mountain of paperwork.
If you contribute to a retirement account, you might be able to claim a tax credit on your reserve.
To make sure your W-4 reflects the proper withholding amount, you need to complete a special IRS worksheet.
You can reduce your personal income tax by claiming exemptions. This is how it’s done.
Sure you get credit on your return for your paycheck withholding, but don’t forget to also claim other taxes you paid.
The IRS collects only on your taxable income. Deductions can help you reduce that amount.
List of all tax stories in Tax Basics.
If you thought deductions were a sweet way to cut your bill, wait until you hear about tax credits!
For most taxpayers, payroll withholding is our first tax contact. Here’s why and how income tax is withheld.