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Federal Income Tax

A collection of news and information related to Federal Income Tax published by this site and its partners.

Top Federal Income Tax Articles see all

Displaying items 1-5
  • About 21,000 high earners paid no federal income tax

    About 21,000 high earners paid no federal income tax
    A new report from the IRS shows that nearly 21,000 American households with incomes of $200,000 and up didn't owe federal income taxes.
  • Stalemate in Congress makes tax planning nearly impossible

    Here we are less than six months away from the "fiscal cliff" and Congress shows little sign of pulling the country back from the brink. The fiscal cliff is the result of the Bush-era tax cuts expiring at year's end combined with $1.2 trillion in...

    High earner? Here's how the 'fiscal cliff' deal affects you

    High earner? Here's how the 'fiscal cliff' deal affects you
    For better or worse, Marylanders may be more affected by the fiscal cliff tax deal than residents in other parts of the country. Maryland is one of the wealthiest states, and its residents have the nation's highest median income. That means they likely...

    Should a retiree borrow to get a federal tax deduction?

    Should a retiree borrow to get a federal tax deduction?
    The good coming from today's otherwise bleak economy are some of the lowest interest rate in more than half a century. So some South Floridians want to know if they should take advantage of that -- to the point of refinancing more than what they actually...

    7 ways to save on federal income taxes before Dec. 31

    7 ways to save on federal income taxes before Dec. 31
    Uncle Sam may provide you with some holiday gifts -- tax savings that can amount up to thousands of dollars -- if you act before Dec. 31. The federal income tax credits and deductions may come in handy as this year couples will not receive the $800...