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How taxpayers can deal with new state, local deduction caps

If you paid a lot of state and local taxes in 2018, buckle up this tax season — new laws cap how much of those payments you can deduct on your federal tax return. That means more of your income could ...

How to make the most of the child tax credit this year

The wallet-emptying experience of raising kids understandably fuels a lot of interest in the child tax credit, but thanks to some big changes recently, the fascination could reach Tickle Me Elmo-like ...

4 tax breaks for teachers

The flood of education-related tax advice that seems to crest during back-to-school season often centers on students or their parents. But teachers can score a few tax breaks, too — if they do their h...

Surprise! 4 things you didn't know were taxable

Tax season begins in just a few months, which means there's precious little time left to prevent unwelcome tax surprises next April. For many people, the blow comes when they find out they have to rep...

Can't decide what to do with your tax refund? Split it

For many people, getting a tax refund is like getting a handful of sand: It's virtually impossible to hang on to much of it. But it doesn't have to be that way. You can have the IRS ...

Can't pay your taxes? Here are 6 ways to cope

Finding the cash to pay a larger-than-expected tax bill can be tricky, but tax pros say there are ways to deal with the surprise without having to pawn the family heirlooms. 1. Take ...

5 ways to lower your tax bill now

Many people don't think about their taxes until springtime, but putting it off could mean owing more. If you want to try to lower your tax bill, the important date isn't in April — i...

The silver lining in a very bad day? Tax breaks!

Tax rules are not on the list of things most people turn to for comfort after a bad day. But they can take the sting out in a few cases. Here are five ways that tax experts say you could turn some of ...