Sen. Bernie Sanders of Vermont says he is set to release his tax returns Monday. For the first time in his career, it's been revealed that Sanders is now, in fact, a millionaire.
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Tax season is more stressful this year for filers and IRS workers alike, because of new tax law changes and the partial government shutdown that has left the agency with roughly half its normal staff.
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The IRS has extended the filing deadline because of technical problems. Taxpayers now have until midnight Wednesday to file their returns or extension requests and pay their taxes.
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The IRS estimates that more than $65 million has been lost to phone tax scammers in the last five years. They're most active during high tax season in March and April.
Money deposited in a health savings account is tax-deductible, grows tax-free and can be used to pay for medical expenses. The annual maximum allowable contribution to an HSA is slightly lower for some people this year.
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IRS Commissioner John Koskinen testifies Friday on Capitol Hill. Koskinen was asked to explain the disappearance of emails that could relate to a probe into the targeting of Tea Party groups.
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