One of my New Year's Eve traditions is to clean out my closets and take clothes, small appliances, and kitchen items in good condition or better to my local non-profit ... Read More

Tuition paid this year for courses beginning in the first three months of next year will qualify to be deductible this year. This applies to the tuition and fees deduction, ... Read More

The recovery rebate credit is a special federal tax credit for 2008 only. The credit is available for individuals who did not apply for the economic stimulate rebate in 2007. ... Read More

Homeowners who are trying to sell their house or refinance their mortgage and who have a federal tax lien for unpaid taxes can ask the IRS to help expedite the ... Read More

Retired individuals won't need to take a required minimum distribution from their IRA, 401(k), 403(b), or 457 plans for the year 2009. This waiver is part of the Worker, Retiree, ... Read More

I received my annual Social Security statement in the mail over the weekend. This is an annual report that the Social Security Administration sends out each year. The statement shows ... Read More

You can give up to $12,000 per year, per person tax-free. You don't need to file a gift tax return as long as you give $12,000 or less to any ... Read More

Giving money away to a worthy cause is a great tax strategy to implement at the end of the year. For one thing, you'll be able to assess how much ... Read More