IRS help, tax breaks and loopholes - CNNMoney.com

Rich, Gingrich and crazy rich

Tue, 24 Jan 2012 12:07:12 EST

Which presidential candidate paid the most in taxes? Who is the most charitable? Here's an inside look at the top candidates' 2010 income tax returns.

What to expect in Romney's tax return

Mon, 23 Jan 2012 13:30:16 EST

What can the public -- and his rivals -- expect to learn when Mitt Romney releases his 2010 tax return on Tuesday?

Romney made $42.7 million in 2 years

Tue, 24 Jan 2012 12:13:31 EST

Republican presidential candidate Mitt Romney made $42.7 million over the past two years and paid $6.2 million in taxes, according to documents released Tuesday by his campaign.

Is Romney's effective tax rate lower than yours?

Thu, 19 Jan 2012 11:00:56 EST

So Mitt Romney thinks his effective tax rate is about 15%.

IRS on autopilot

Wed, 11 Jan 2012 18:18:04 EST

The IRS is discovering vastly more mistakes on tax returns than it used to.

Average tax refund slips to $2,913 in 2011

Tue, 10 Jan 2012 12:28:03 EST

The IRS not only doled out fewer tax refunds last year, but it also cut smaller checks with the average refund slipping by nearly $100.

IRS gives offshore tax cheats chance to come clean

Thu, 12 Jan 2012 16:12:53 EST

The IRS has collected $4.4 billion from two programs that allowed tax evaders hiding money in offshore accounts to come clean and said it will launch a similar initiative this year.

Key tax deductions left hanging

Mon, 09 Jan 2012 11:41:36 EST

It may be a new year, but when Congress returns from its winter break it will be all old business that lawmakers failed to finish before Christmas.

IRS audited 1 in 8 millionaires

Fri, 06 Jan 2012 10:24:21 EST

The IRS audited one out of every 8 millionaires last year, the third year in a row the agency has ramped up its enforcement of the nation's top earners.

Same-sex spouses lose big on taxes

Sat, 31 Dec 2011 07:54:26 EST

Same-sex spouses are paying as much as $6,000 a year in extra taxes because the federal government doesn't recognize gay marriage, according to an analysis conducted for CNNMoney by tax specialists.

IRS extends tax filing deadline to April 17

Wed, 04 Jan 2012 15:58:13 EST

The IRS is giving taxpayers two extra days to get their taxes turned in this year.

State tax changes on the way in 2012

Wed, 21 Dec 2011 06:07:24 EST

While the fate of the payroll tax extension is still uncertain on Capitol Hill this week, at least some Americans can look forward to tax breaks at the state level when 2012 rolls around.

Get more from your donations

Thu, 15 Dec 2011 15:58:45 EST

Like many Americans, you're probably gearing up this month to write a check to your favorite charity, both to show your goodwill toward men and to nab some last-minute tax savings. (December tends, after all, to be the most generous month, with about $28 billion in donations recorded last year, according to the Atlas of Giving.)

Payroll tax cut: What's at stake

Tue, 20 Dec 2011 07:03:43 EST

In two weeks, the payroll tax cut that has saved workers an average of $1,000 this year will expire -- unless lawmakers in the next few days do what both parties swear they want to do and extend it.

Millionaire surtax: The go-to tax

Thu, 15 Dec 2011 16:19:26 EST

Democrats say imposing a millionaire surtax to help pay for the cost of extending the payroll tax cut is only fair. Republicans say it would be a job-killer.

IRS: Can't deliver $153 million in tax refunds

Wed, 30 Nov 2011 14:25:47 EST

The Internal Revenue Service is holding onto tens of millions of dollars in tax refunds that it hasn't been able to deliver to consumers.

Payroll tax cut: Fight to pay for it

Mon, 12 Dec 2011 16:44:56 EST

Democrats and Republicans both support extending the payroll tax cut for workers, and they both agree that the cost of the extension should be offset through changes elsewhere in the budget.

10 million could pay more Social Security tax

Wed, 19 Oct 2011 12:51:09 EDT

Seniors got good news on Wednesday: Their Social Security checks will go up 3.6% next year because of a cost-of-living increase.

Class warfare: Who pays their fair share of taxes?

Fri, 14 Oct 2011 11:18:16 EDT

Both Republican presidential candidates and President Obama think many Americans aren't paying their fair share of income tax.