Your extension deadline is Aug. 15. The year's half over. Now is the time to make tax-smart moves to cut next April's IRS bill. Tax breaks help cover adoption costs New tax law increases the breaks for people adopting a child. They'll need the help, considering the substantial costs.
Most taxpayers meet their tax obligations thanks to withholding from paychecks.
But if you're self-employed, have a side job or have made a killing in the stock market, you'll have to pay estimated taxes. Here's what they are, why you've got to pay them and tips to make the process easier. Tips on tracking down your check from Uncle Sam. Here's how to find out if the IRS check is in the mail. Taxpayers who don't itemize could overpay taxes If you claim the standard deduction on your tax return, you could be overpaying Uncle Sam.