Tax Center
Don't overpay taxes on income that's protected by the U.S. tax code. Here are the major categories to watch, including five types of raises that don't add a dime to your taxable income.
We all think we know the parts of the tax code that affect us. But do we really? If you believe some of these myths, you could pay more tax than you should.
It's one thing to push the envelope, another to volunteer for the IRS audit list. Here are some of the most imaginative -- and most illegal -- deductions we've seen.
If you don't know about a potential tax break, you won't take it, says MSN Money tax expert Jeff Schnepper. Here are the deductions that a lot of taxpayers seem to forget.
Expert Advice
Other Resources
Fast Answers
- If I give property that has gone up in value to my child and then my child sells it, who pays tax on the gain?
- Does existing tax law affect the income levels at which my personal exemptions are phased out?
- What expenses related to owning a home are deductible?
- What are the upsides and downsides of filing taxes electronically?
- Are my Social Security benefits taxable?
Tax Corner: Message Board
Jeff Schnepper, tax attorney and author of "How to Pay Zero Taxes," answers reader questions. Post yours in the Tax Corner message board.
Jeff's latest message board posts
- Amaerican citizen working in Canada - double taxed?
(4 messages)
- 529 plan distribution
(5 messages)
- Sale of Partnership in LLC
(7 messages)
- annoying tax cheat (likely) - should report?
(390 messages)
- Taxable wages by state no data on w2 how can they be filed and where do we get the data
(2 messages)
- 1099 Questions--Please Help
(11 messages)