tax breaks

Tax Time for Single Parents Can Be Doubly Aggravating

At tax time, being a parent comes with certain perks: the Child Tax Credit, the Child and Dependent Care Credit, a bigger Earned Income Tax Credit, among others. But while single parents have many of the same breaks as married parents, there are some they miss out on.

Here's the Next Big Threat to Your 401(k)

It's bad enough the stock market has been beating up on most of our 401(k)s lately. Now, legislators and big thinkers are debating a variety of proposals to reduce the tax benefits of saving in 401(k)-type plans. And the results could be bad for America's rich and poor alike.

The Financial Landscape: No Bailout Yet for Greece

The financial world Monday morning is focused on Greece. E.U. finance ministers postponed agreement on a bailout until they see proof that its government will follow through on austerity measures. Meanwhile, some big U.S. firms say that a generous tax break would help them expand their domestic operations.

Tax Tips for the Accidental Landlord

In today's shaky real estate market, more and more homeowners are becoming landlords, both by plan and by necessity. But whether you're renting out your old house, an investment property, or even a single room, being the landlord means tax breaks, and you should take every one you can.

California's SolarCity Sees a Bright Market on the East Coast

California-based solar panel installer SolarCity has announced its second East Coast deal in a month: It's buying the residential solar business of Vermont-based groSolar, hard on the heels of its purchase of Maryland's Clean Currents. And SolarCity isn't the only West Coast solar player looking toward the sunrise for growth.

Obama's Cuts: Less Than Meets the Eye, Thankfully

A parade of Republicans immediately lined up to attack the president's proposed budget cuts this week, claiming the plan falls short of making a real difference. They're right. And that's good, because really deep cuts are the last thing the economy needs right now.

12 Things to Look Forward to in 2011

Life is about change, so we might as well embrace it. Looking into our crystal ball, here are a dozen things to look forward to in 2011. It should...

Senate Republicans Block Tax Cut Extensions

The Senate failed to pass a bill that would have extended tax cuts for all but the richest Americans on Saturday, falling nine votes short of the two-thirds majority needed.

Americans Deeply Divided Over Tax-Cut Extensions

While most people support extending at least some of the George W. Bush-era tax cuts due to expire this year, a new Gallup/USA Today survey finds that Americans are deeply divided on which cuts should continue -- and for how long.

Follow the Money to Real Growth, Not Tax Breaks

This week, David Cay Johnston published a thought experiment titled "How Would You Invest $1 Billion Under the Current Tax System?" Its premise is that if we use tax policy to boost demand, we can find more profitable ways to invest. It's a premise DailyFinance columnist and venture capitalist Peter Cohen rejects.

GOP Senators Block Small Business Bill

Senate Republicans blocked a final vote on a bill to provide aid for small businesses Thursday in the latest example of the GOP using procedural tactics to stymie President Barack Obama's election-year agenda. Each side accused the other of turning the issue into a political football.

Oil Companies Reap Billions in U.S. Tax Breaks

The oil industry is subsidized beyond virtually any other business in America, enjoying tax breaks that average $4 billion a year. The massive tax breaks reaped in BP's disastrous Deepwater Horizon project, which caused the worst offshore oil spill in U.S. history, are typical.

Obama Calls for Small Business Tax Breaks

The federal government should give tax breaks to small businesses in order to hasten job creation, President Barack Obama said Tuesday as part of his latest plan to fight stubbornly high unemployment. The president also called for further investments in infrastructure and energy efficiency.