Rep. Mark Pocan, D-Wis., has introduced a bill that would help low-income married couples deduct twice as much of the interest charged on their student loan debts.

The Internal Revenue Service has issued new draft instructions, notices and a publication to help taxpayers and tax practitioners deal with the Affordable Care Act.

The U.S. Treasury Department has changed some key tax rules to discourage so-called "tax inversions," in which American companies reincorporate their headquarters overseas to avoid U.S. taxes. The newly tightened rules make it more difficult to use cash that a company might be gathering in foreign countries.

The IRS has issued new rules for taking after-tax money out of a 401(k), and they are taxpayer-friendly.

While preparing 2012 individual tax returns in early 2013, we noticed a trickle of problems on Schedule K-1 from partnership investments in IRAs. That trickle became a flash flood this latest tax season.

U.S. taxpayers reported $9.1 trillion in adjusted gross income (less deficit) for tax year 2012, according to the most recent IRS Statistics of Income Bulletin.