Taxes - Tax News for Home and Business from CNNMoney

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6:23am: Here's a closer look at how the Democratic candidate defines well-off for different households, and what his proposals will mean for them. more

McCain will repeal the AMT. Wait, no ...

Jun 14: ...not exactly. The presidential candidate has been saying he would eliminate the so-called "wealth tax" that threatens the non-wealthy. But now he supports a more modified plan. more

Mileage write-off jumps on pricier gas

Jun 23: Optional standard mileage rate for business and others is raised by Internal Revenue Service from 50.5 cents to 58.5 cents. more

What they'll do to your tax bill

Jun 11: McCain and Obama want to change the bottom-line effects of the tax code. Here's a dollars-and-cents breakdown of what their plans could mean for you. more

More Tax News

• Top Tips: Tax changes

• McCain promises low taxes

• How to spend your stimulus check

• Why your tax rate is going up

• Fuzzy math on the campaign trail

• Tax stimulus to start arriving Monday

• 6 top tax savers

• Tax procrastinators scramble

• Watchdog jittery about IRS computers

• How to pay zero taxes

• Pay off your tax bill - in 113 days

All Tax News

Essentials

AMT 101

The AMT is meant for the rich, but it's the scourge of the middle class. Here's why. more

401(k)s as tax breaks

These retirement vehicles not only offer free money...they are smart tax-saving tools as well. more

How much should you withhold?

If you're a wage or salaried employee, your employer picks up half of this tax burden. more

Video

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For Laughs: TurboTax snafu

Comedian Kathleen Madigan discusses why she thinks TurboTax crashed this tax season. more

The tax man cometh

CNN's Carl Azuz tallies up what your tax dollars pay for. (April 12) more

Resources

State by state tax rankings

See how much you'll pay in income, sales and property taxes. more

How does your tax guy rate?

Here's how to know who you're dealing with and whether you're getting your money's worth. more

Full list Most tax friendly states - Top 5
State	State and local tax burden as % of income
Alaska	6.6%
New Hampshire	8.0%
Tennessee	8.5%
Delaware	8.8%
Alabama	8.8%

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