President Obama's proposal for tax reform and a simplified tax code will run into trouble once talk turns to ending specific tax benefits.
Low-income workers may actually pay higher taxes this year, with the loss of the Making Work pay credit.
Dec. 31 is the deadline to sell losing investments, open a Keogh account or donate to charity for the 2010 tax year.
You have one more week to pay property taxes, add energy-saving improvements, dump losing stocks and empty your FSA account.
You may want to buy office equipment, set up a retirement plan or pay next year's health insurance premiums before Dec. 31.
The plan extends tax cuts, including the estate tax and the child tax credit. It also cuts payroll taxes. The unemployed and businesses would benefit, too.
Partly because of the recession, Americans are devoting the smallest percentage of their income to taxes in 60 years.
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Joe Cantrell says he faces charges after trying to take advantage of the retailer's policy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.