If you got married or divorced, took in an elderly parent, lost your job or adopted a child, you may need to adjust your tax planning.
Start by estimating what you'll owe in federal and state taxes and setting that money aside. Then look at potential deductions.
If you're one of the millions of Americans who work from home, don't pass up a deduction that could be worth thousands. Here's how to tell if you qualify.
Save receipts and keep good records so you can get all the deductions you're entitled to, for mileage, home office use and other expenses.
The hoi polloi may be struggling to make the mortgage, but wealthy homeowners are spending $40 million on luxury digs 50 stories up.
A second job may not be possible or even desired. Instead, get paid for something you're already doing.
Those who peddle their wares on eBay, Etsy and other sites are required to pay income and self-employment taxes on their profit. Big sellers will get a new form this year.
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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.
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.