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.
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
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.
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.