Sales taxes or local taxes? Deciding which to deduct is not quite as simple as it seems. You charge away on your credit card to rack up frequent flier miles, only to find out youcan't use them because ...

There was a time -- not too long ago, in fact -- when American mathematicians were the world's best, leading the way in unlocking the secrets to the universe. Fast forward to present day, however, and ...

(Bloomberg News) Republican presidential nominee Mitt Romney's latest income tax cut proposal would be able to pay for itself by placing a cap on individual deductions, according to the Tax Foundation ...

Mitt Romney finally offered up some details yesterday about tax reform, spefically how he would limit tax deductions and broaden the tax base in order to afford the lower tax rates he is proposing.

This year, the standard deduction may very well be the standard approach for more taxpayers. Recent changes in the tax law have shifted the calculus on when it makes sense to itemize deductions and ...