Just because the IRS is left scrambling to catch up with the fiscal cliff tax regulations shouldn't stop you from preparing your income tax return. Here are some important changes to the tax code to help you get started.
The economy is rumbling along, out of control. Straight ahead, the road abruptly ends, yet the horses show no signs of slowing. Next stop: the fiscal cliff! Here's how the looming crisis will affect the average American family.
It's still unclear what lawmakers will do to address $7 trillion in looming tax increases and spending cuts. If they do nothing by Dec. 31, here's what will happen.
The Senate is bracing for a tax-cut showdown that is all about Democrats and Republicans showing voters their differences over taxing the well-off while accusing each other of threatening to shove the government over a fiscal cliff.
The cost of an education has never been higher. But by taking advantage of some tax benefits, you can at least put a small dent in some of those bills. Which of that complicated menu of tax benefits applies to you? DailyFinance breaks it down.
Last week, U.S. Rep. Leonard Boswell (D-Iowa) proposed the Universal College Credit Act, which would double to $5,000 the annual tax credit for college students. It's a smart idea, but to really make it fly, that credit needs to be combined with a change you might find counterintuitive.
