If there is one thing to make sure you get right on your taxes, it’s your filing status. It can determine how much you pay in taxes, and it’s one of the things that will definitely land you in an audit if you get it wrong. Take a look at this handy flowchart.
Tax exemptions are the easiest way to lower your tax burden. They put money straight back into your pocket, and the good news is, the possibilities for claiming dependent exemptions are greater than you might realize.
Members of the sandwich generation - caught between supporting elderly parents whose assets are nearly exhausted and adult children without jobs - might find some relief come tax time. The bottom line is, who's a dependent?
If you just got a big tax refund, most experts will say you'd be better off adjusting your withholding. But lately, that traditional advice hasn't really applied.
Although the end of 2011 is near, it's not too late to make sure you don't owe more to the IRS than you need to on April 15. Here are some tax-smart moves to make before you head out to that New Year's Eve party.
True, not everyone needs life insurance, but if anyone else depends on you to bring home a paycheck, you need it. Luckily, now's a great time to buy. Finance expert Jean Chatzky tells you what you need to know.
