Taxes are finished; which documents should you keep or pitch?
Think again before you throw away all the receipts and paperwork associated with preparing your tax return. You might need some of that documentation if you get audited; without it,…
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Taking credit
Congress has a long history of using the Tax Code to encourage certain types of behavior. The Tax Code has many tax credits, deductions and other incentives — some well-known,…
Tax Planning for Life’s Major Events
As your life changes, so does the set of tax rules that affect you. Depending on the life event, there are new opportunities and pitfalls to avoid as your life…
Money rules you should break
Many “money rules” no longer result in higher savings or less debt. That’s because the economic recovery has opened up more exceptions and loopholes to standard advice. For example, usually…
45% don’t owe U.S. income tax
According to estimates by the nonpartisan Tax Policy Center, for tax year 2010, roughly 45% of households will owe nothing in federal income tax. Some will even end up getting…
8 Easy Ways to Teach Your Kids About Money
According to a new survey, many parents don’t believe they are teaching their children about money skills in the manner required. Here are easy ways to start teaching your children…
30 Last-Minute Tax Tips
Tax payments are due Monday, April 18. The deadline for those with six-month filing extensions is Oct. 17. Racing to meet the April 18 deadline? Here are some last-minute tips…