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.
The fiscal-cliff compromise kept the federal estate tax exemption at its former level of $5 million, but many state governments are imposing estate or inheritance taxes on more modest amounts.
One of the most contentious issues in the debate over how the U.S. government can increase its revenues involves the capital gains tax rate -- the rate investors pay on their profits. Here's what you need to know to understand just what both sides are arguing about.
Like it or not, the rules for filing your taxes change every year. Here's a gallery of some of the more important changes hitting taxpayers this year.