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Pop Quiz: Who Are the 47%, and What Do They Really Pay in Taxes?

Mitt Romney's criticism of the 47% of Americans who don't pay federal income tax has re-energized the debate over who pays into our system, and... read more »

3 Ways to Beat the IRS in 2013 If America Falls Off the Fiscal Cliff

Tax planning is more complicated than ever now, thanks to the fiscal cliff we're hurtling toward and the tax increases it would bring. And while... read more »

A Radical Solution for the Social Security Crisis: Have More Babies!

In the debate over how to keep Social Security afloat, two proposals dominate: Either raise taxes or cut benefits. Neither is an attractive... read more »

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Tax News

The Biggest Trap Facing New Entrepreneurs

By Dan Caplinger

| 9:40AM 8/28/2012

Millions of Americans have unleashed their inner entrepreneur by seeking to start their own businesses. But in doing so, many don't realize some of the hidden dangers that can newly self-employed people right where it hurts most: in the wallet.

Most Americans Say the Rich Don't Pay Enough Taxes

By The Associated Press

| 2:30PM 8/27/2012

As the income gap between rich and poor widens, a majority of Americans say the growing divide is bad for the country and believe that wealthy people are paying too little in taxes, according to a new survey.

Would You Be Richer If Obama Or Romney Won?

By TechCrunch

| 3:44PM 8/23/2012

How much cash would you have in your pocket if Barack Obama were elected? Two Berkeley students have created a fun web app, Politify, that you lets you find out how each candidate would affect your pocketbook, based on your age, income, and number of dependents.

Should Uncle Sam Tax Churches?

By Rich Smith, The Motley Fool

| 9:15AM 8/22/2012

Are America's churches preventing NASA from winning the space race? That's what a striking graphic currently making the online rounds would have us believe.

Tax Hikes Have Already Happened: Will Congress Help You Dodge Them?

By Dan Caplinger

| 12:45PM 8/20/2012

While millions of taxpayers fear the fiscal cliff, some big tax increases have already taken effect this year. And without Congress moving quickly to take action, those hikes could add thousands to your tax bill come next April.

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TurboTax Articles

Video: How to Claim State Taxes on a Federal Tax Return

Do you live in a state that imposes an income, sales, real estate or personal property tax? If you make payments for any of these taxes, you should know that the IRS may let you deduct them on your federal tax return. Watch this tax tips video from TurboTax for more information on how to claim state taxes on your federal tax return.