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Taxes

Tax Time Treasure Hunt

Tempted to simplify your taxes by taking the standard deduction? Don’t write off the possibility of itemizing just yet. It could save you heaps of cash. The standard deduction is the amount you can deduct from your income pretty much...

Get a Tax Credit for Saving

It sounds crazy, but you could potentially get a chunk off your tax bill just for having contributed to your retirement plan in 2012. Although most people are unaware of the so-called Savers Credit, according to a recent Transamerica survey, it...

Tax-Saving Secrets of the Self-Employed

Nickels, dimes, quarters If you're self-employed, the not-quite quarterly tax payment deadlines can be a pain (Jan. 15, April 15, June 15, Sept. 15, what?). You need a surefire system to keep your tax savings on track—so you don't end up owing...

Avoiding Uncle Sam? Don't.

  Fear of April 15th If 2009 was rough, and you're afraid that you may owe the IRS money—money you don't have—the answer is not to play hooky on tax day. Between stimulus package tax credits and a possible refund, you may be in better shape than...

IRS Recalls 1040 Forms

It has been a strange week for money, with the IRS recalling erroneous forms, California retailers organizing a debit card protest—and more. Keep reading for the best DW news you can use.Wrong Forms Confuse Tax Payers A printing error on 1040...

New Fridge or AC? Get Cash Back

More Cash for Clunkers If you need a new water heater, air conditioner, furnace, fridge or washer-dryer, now could be the time to buy it. Under the new State Energy Efficient Appliance Rebate Program, many new appliances qualify for government...

Tax Refund Allocation Dilemma

Meet TRAD What is TRAD? TRAD is the Tax Refund Allocation Dilemma, and it's a hazard this time of year. Here's one reader's puzzle: Q: I'm getting about $1,200 back for my tax refund. There are three things that I would like to do. What is the...

Green Your Taxes

Wouldn't it be wonderful if you could get a tax break for living a greener life? As yet, there's no tax credit for composting, buying organic chicken or using CFL lightbulbs. (Darn, those things are expensive!). But some eco-friendly upgrades can...

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