gambling losses

Ex-San Diego Mayor's Gambling Wagers Top $1 Billion

Former San Diego Mayor Maureen O'Connor acknowledged Thursday in federal court that she took $2.1 million from her late husband's charitable foundation and gambled it away during a nearly decade-long binge when she wagered more than $1 billion.

8 commonly overlooked tax deductions

If you keep good records, deductions can be a great way to reduce your taxable income. Increasing your allowable deductions means the less tax you...