July 11, 2012 Economist Joshua Gans explains how his plan to keep his children from spending their allowance on candy went awry — and how it offers a lesson for New York Mayor Michael Bloomberg.
July 11, 2012 President Barack Obama's proposal to let the Bush tax cuts expire for wealthier Americans could add significantly to federal coffers.
June 29, 2012 Back when President Obama was urging Congress to pass his health care law, he rejected claims that the penalty for not obtaining insurance would amount to a tax. On Thursday, Chief Justice John Roberts begged to differ — while using the tax classification to save the law. And Republicans pounced.
June 6, 2012 If you own a home in the U.S., if you have a mortgage, you can deduct the interest you pay on that mortgage from your taxes. It's a popular, well-entrenched policy. But according to one policy adviser in Washington, "the mortgage-interest deduction ... makes no sense."
April 16, 2012 Fewer and fewer taxpayers still use the mail to file their returns. But for some, it's the only way they'll do it.
April 13, 2012 How much did people in your income bracket pay in taxes? And what was the government's total tax take, from all sources?
April 13, 2012 The Obamas' effective tax rate was about 20 percent of their nearly $790,000 income. The Bidens' effective tax rate was about 23 percent of their nearly $380,000 income.
April 11, 2012 Fatal car crashes rise about 6 percent on the deadline for filing federal taxes. That's April 17 this year, if you're making travel plans.
April 10, 2012 It was an "was unbelievably interesting experience," he says, but "I had plenty of the limelight."
April 2, 2012 Tax Day 2012 is looming — and after we file our returns, many of us will try to figure out what to do with the seemingly innocuous but possibly crucial documents we use to prepare our returns. Filing electronically can make those records easier to manage. But what should we keep, and for how long?