income tax basics

Tax Changes You Need to Know for 2011

With tax season 2010 already in full swing, it's easy to overlook some important tax changes for 2011. Here's some of what you can look forward to...

Income Inequality on Course to Hit Record Levels

With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift -- a change in the tax rules that lets the rich pass their wealth on to their heirs at the lowest tax rates in decades.

5 tips for maximizing tax deductions

When it comes to deductions, many taxpayers miss out -- not because they don't qualify for the deductions, but because they fail to keep good...

Reducing taxes step by step

By now, you're aware there's no magic bullet to reduce your taxes. But you can take several steps to reduce your overall tax bill this April. Here...

Common tax credits explained

Tax credits are popular ways to reduce your overall tax burden. Credits are dollar for dollar reductions in the amount of tax due, so it's a pretty...