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 agreement restores a tuition tax deduction that expired in 2011 and retains until 2017 a tax credit that was scheduled to shrink. But financial aid could still face big cuts.
Make less than $400,000? New limits on deductions could raise taxes for anyone making more than $250,000, twice the number affected by the new rates for top earners.
The threshold for deducting medical expenses from your taxes is rising to 10% of income. Should you accelerate some payments?
The deduction rate for business travel will rise to 56 cents a mile, and the rate for medical travel and moving will rise to 24 cents. The charity rate will not rise.
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.
Exactly what proof you need to document and deduct your generosity varies by type of donation. Get the receipts even if you don't plan to itemize.
If you suffered losses in a hurricane or other disaster that weren't covered by insurance, you may be eligible for a tax deduction. Here's what you need to know.
VIDEO ON MSN MONEY
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. 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 SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
TOP STOCKS
Demand for the two metals is growing while mining supply declines.
MARKET DISPATCHES
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.
FRUGAL COOL
Starting Monday, this site is joining forces with MSN Money Smart Spending. Here's why.
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.
SMART SPENDING
Is it ever a good idea? That depends on who's doing the borrowing and who's doing the lending.
SMART TAXES
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.
