Homeowners who don't itemize lost a deduction, but TV producers, rum makers and race horse buyers gained.
You have one more week to pay property taxes, add energy-saving improvements, dump losing stocks and empty your FSA account.
Hedge-fund managers and affluent taxpayers mostly do well, but couples earning less than $40,000 may pay more taxes.
The package extends many Bush-era tax breaks, including lower rates, and cuts the Social Security payroll tax from 6.2% to 4.2%.
Tax deal lets homeowners continue to deduct PMI, but some will lose the right to deduct property taxes.
The child tax credit and other tax breaks mean more middle-class earners are paying no federal tax at all. Is that right?
Birth control, Viagra, counseling and other items are all deductible.
For tax savings, you have to itemize, give to qualified charities and save receipts.
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