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.
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Both the incorrigibly unhampered DJIA and broader S&P 500 have been rocketing to record highs.
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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.
Start of summer already? Better get shopping. But give the grills and new electronics a miss for now, according to the experts at Dealnews.
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.