Tax News

5 ways to lower your tax bill

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Kansas Lawmakers Uphold Governor’s Veto of Tax Increases

The state’s lawmakers, who clashed with Gov. Sam Brownback after large tax cuts and years of budget shortfalls, handed him a narrow victory....
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Why You May Want to Be Your Own Boss

Changes are afoot in business taxes. Even if you can’t start a company, you may want to shift from being an employee to an independent contractor....
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Tax Advice From Lawmakers Turned Lawbreakers

The politicians who not only write laws but also break them know the ins and outs of the tax system. Why not study their examples for a little smart a...
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How to Fill Out Your Tax Return Like a Pro

Step-by-step, here's a guide to completing your entire income tax form, with insights that can help you save money, whether you use software, do the r...
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Tips for Whittling Down Your Tax Bill

You’re obligated to pay what you owe in taxes but no more. Tips from the pros might help to pare back your bill....
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How a Tax Code Overhaul May Affect You

President Trump and Republicans in Congress have called for an overhaul. Here are some important shifts that could be coming....
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Republicans Agree on Cutting Taxes, but Not on How to Do It

Republicans control the White House and Congress, and remain united in their desire to change the tax code. But they are far from united in how to ach...
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Trump says H&R Block will be unhappy with his tax plan

Donald Trump says his tax simplification plans mean H&R Block will be the one company that doesn't like him....
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Why tax reform is a lot harder than it looks

Most U.S. companies are not corporations. But they're a major - and complicating -- factor when it comes to business tax reform....
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Swiss voters reject corporate tax overhaul

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Treasury Nominee Vows No Tax Cut for Rich. Math Says the Opposite.

Tax proposals from House Republicans and President Trump could make a promise by Steven T. Mnuchin, the Treasury secretary nominee, hard to keep....
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Navigating the Many Offers of Free Tax Help

The Internal Revenue Service and commercial vendors provide free tax software, but the offerings often carry income restrictions, and features vary....
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Limiting a Tax Loophole for Nominees

Senator Sheldon Whitehouse writes about his legislation to limit the reach of the loophole....
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A taxpayer-friendly way to do tax reform

National Taxpayer Advocate Nina Olson released her annual report to Congress on Tuesday. Among her recommendations, consolidates the more than 200 tax...
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How Paul Ryan and Donald Trump differ on tax reform

The House Speaker will meet with the president-elect's transition team to talk about tax reform. Here are some highlights from the House plan and how ...
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Tax filing season officially begins on...

The IRS will open the 2017 filing season on January 23, 2017. And unless you file for an extension, your federal return will be due no later than Apri...
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Millennials don't think Trump will affect their wallets. But they should

Survey finds that Millennials don't think a Trump presidency will have any affect on their finances. Here's how it might....
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'No absolute tax cut' for the rich, says Trump's Treasury pick

Treasury Secretary nominee Steven Mnuchin describes a version of tax reform that differs from Donald Trump's at least in terms of how it would affect ...
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Tax cuts are coming, but maybe not as big as Trump promised

Donald Trump's tax plan calls for big tax cuts for all. What happens may be something less big, but still notable....
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