Years ago, the fellow running the IRS told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-saving tax breaks listed here.
We’ve updated all the key details in this popular guide to the common tax deductions many filers miss to ensure that your 2016 return is a money-saving masterpiece. Cut your tax bill to the bone by claiming all the tax write-offs you deserve.
If you work for a living, you know that your wages are taxable, and you’re probably aware that some investment income is taxed, too. But the IRS doesn't stop there. If you’ve picked up some extra cash through luck, athletic skill or criminal activities, there’s a good chance you owe taxes on that money as well. Here are nine things you may not know are taxable.