Treasury secretary explains why administration favors lowering rates while eliminating deductions and credits.
President Obama's proposal for tax reform and a simplified tax code will run into trouble once talk turns to ending specific tax benefits.
Dec. 31 is the deadline to sell losing investments, open a Keogh account or donate to charity for the 2010 tax year.
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.
Tax deal lets homeowners continue to deduct PMI, but some will lose the right to deduct property taxes.
Provisions on Coverdell accounts, capital gains, IRA gifts to charity and other extensions benefit those who are not rich.
You may want to buy office equipment, set up a retirement plan or pay next year's health insurance premiums before Dec. 31.
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