Each year, roughly one-third of American households itemize deductions on their federal income taxes. If you're among that group, there are several important actions you need to take by year's end in order to take full advantage of available deductions.

If you receive a monetary windfall, whether a tax refund, divorce settlement, inheritance or work bonus, there are actions you can take to positively impact your current financial situation.

This is the time of year when we are most aware of our tax burdens. But what we may be less aware of are all the huge tax breaks built into our system...

SMITHFIELD, N.C. (CNNMoney) -- The Wards couldn't believe the news when their tax preparer called to tell them they're getting a $54,000 refund this y...

With tax season in full swing, almost everyone is preoccupied with tax returns, W-2s, and old receipts. Preparing your taxes can be very stressful, as...

The law presumes that loans from one spouse to another don't create valid debts. But can an unreturned engagement ring be a deductible bad debt?

In a speech in Cleveland tomorrow, President Obama will propose an economic stimulus plan that would allow businesses to deduct immediately the entire...

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