Conservatives say the agency is asking for too much documentation, but officials say they are just trying to weed out ineligible groups.
A number of major tax breaks expire at the end of the year. With an election looming, it's hard to know whether any will be extended.
President Obama has proposed raising the tax on capital gains and dividends from its current 15% rate to the same rates as earned income. Would it hurt more than help?
Depending on your employment status, you may be able to deduct up to 100% of your premiums on your federal tax return. Some states also give deductions or credits.
Economists are split over the president's proposal to give manufacturers more tax breaks. Under the current system, different industries have different effective tax rates.
Normally, you can't deduct the cost of staying well from your taxes. But if a doctor prescribes exercise for a specific medical condition, your dues could net you a tax break.
Buying a home complicates your tax return but may provide savings. Mortgage interest, points and PMI are deductible, and you may get tax-free profits when you sell.
VIDEO ON MSN MONEY
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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.
A new survey reveals Americans are most embarrassed to admit their amount of credit card debt.
In a tax case, a US judge ruled that the agency's published guidelines don't hold up in court.
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