As tax day approaches, many Americans are rushing to tax preparers for paid help. The National Society of Accountants found in a survey last year that Americans paid tax preparers $176 on average to file federal and state returns. That’s without itemized deductions. But what programs are available for people with low incomes so that […]

People take the standardized deduction when they could get a bigger refund if they itemized.

Tax-filing day is almost here, and taxpayers know they’re unlikely to be audited. The IRS doesn’t have enough employees or resources to come after all the cheats. Click the audio player above to hear the full story. 

The boost in take-home pay from the Republican-passed tax-cut bill is starting to show up in many workers’ paychecks. But how aware are taxpayers of the change? Many employers began reducing tax withholding in February. But a new survey from Bankrate.com finds that many workers haven’t noticed the change, which may lead them to spend […]