TaxChanges

There's a lot you can be doing now to reduce the taxes you pay next year, based on tax changes for 2011. But did you know it's not too late to reduce the taxes you pay this year, when you file your 2010 return? Here are five changes affecting exclusions, deductions, credits or other tax breaks to...

The IRS made an announcement this month that is a matter of pennies but could significantly affect some taxpayers' 2010 amount owed; by reducing the allowance for mileage deductions. Claiming the mileage traveled for business is, after all, one of the favorite ways to rack up deductions, which...