The question of whether or not your credit card rewards are income — and reportable to the IRS — depends on whether you are dealing with a rebate or a windfall. If it’s a windfall, you are supposed to report it as income and pay taxes on it. If it’s a rebate, though, you are in the clear. The good news is that most credit card rewards programs qualify as rebates.

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To take the guesswork out of which online tax software is right for you, we've taken a tremendous amount of time to examine the best - and most popular - online tax preparation companies to determine which has the best software for your particular tax situation. See the differences between TurboTax, H&R Block, TaxACT, and FreeTaxUSA.

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When you sell an investment, calculating cost basis and good record keeping plays a vital role in controlling your tax savings now and in the future.

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If you are sending someone to college, here are some of the tax benefits that the fiscal cliff deal has in store for you.

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One of the goals that many business owners have is to slowly disengage themselves from the day to day running of the business. While this is admirable goal, this situation could actually lead to some thorny tax issues — and increase the amount that they owe.

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