Income Tax

Live in California and earn $250,000 last year? Yes, you'll probably pay more in state taxes. Paying back a student loan? You might be able to deduct more from federal taxes than you expected. Commute to work? You could get a break, too.

A former IRS worker faces more than 15 years in prison after a jury convicted her Wednesday of masterminding a scheme to collect thousands of dollars in refunds by filing bogus claims for tax credits.

Many taxpayers may be forgetting some deductions and credits that could save them more money.

Texas Representative Phil Stephenson, a CPA, recently filed two bills affecting CPAs and small businesses in Texas.

A checklist of steps that small business owners can take to help navigate changes stemming from the recently enacted American Taxpayer Relief Act (ATRA).

A glitch in the software that H&R Block and some other preparation services use could cause those with education tax credits to have a longer wait on their refunds.

A couple in Chester County, Pennsylvania, secretly paid hospital workers to steal patients' personal information then used it to file false tax returns and claim $1.7 million worth of refunds, prosecutors said today.

Taxpayers who want to deduct their medical or dental expenses on their income taxes need to understand some of the basic requirements for the deductions. The same goes with those who may be saving for retirement via specific plans and IRAs.