A number of measures that cut taxes for individuals and businesses have already ended this year. Those include relief from the AMT and sales tax deductions.
Parents whose incomes are too high to qualify for the college tuition tax credits should see if their children qualify.
You can claim a tax credit of up to $13,360 this year for adopting a child, but you have to document expenses and file a paper return.
Don't miss the deductions and credits that are mostly likely to yield significant tax savings. Business, home and dependents are 3 key categories.
A proposal would make illegal immigrants ineligible for the child tax credit and use that money for the payroll tax cut. Opponents say that's not fair to the children, who are often US citizens.
The president wants to cut taxes on investment and add a 10% credit for businesses that create jobs or raise wages. Some of his proposals already have bipartisan support.
67 provisions will end this year, including deductible SUVs for the self-employed, home energy improvements and AMT 'patches.'
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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.