Personal Finance

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Being a single parent can be tough, but at tax time, the government can actually help ease the burden. Here are 10 ways Uncle Sam can help.

By Laurie L. Dove

Tax day is one day of the year most of us dread. So how can you get your tax bill as low as possible? Making sure all possible deductions are applied to your gross income is one way.

By Susan Sherwood

The federal government now recognizes same-sex marriages across the United States. As you and your spouse get ready to send in your tax return, these 10 same-sex marriage tax tips keep in mind.

By Laurie L. Dove

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You've heard of the Roth IRA, but what about the Roth 401(k)? Many employers are offering them in addition to traditional 401(k) plans. So what's the difference?

By Susan Sherwood

Nobody wants to file taxes. But you're actually good at it and don't mind crunching numbers. You're no accountant -- but you help a friend file?

By Susan Sherwood

If you're like many Americans, you probably haven't saved enough in your 401(k) for your retirement. But don't freak out -- just yet. You still have time to maximize your savings for your golden years.

By Kate Kershner

Instead of blithely ignoring retirement plans, you're getting smart this year and contributing to an IRA. How exactly will that move help your taxes?

By Kate Kershner

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Aside from committing income tax fraud, you'd pretty much do anything to pay less in annual taxes. The good news is there are plenty of ways to reduce your debt to Uncle Sam come April (and all of them are perfectly legal).

By Kate Kershner

The Affordable Care Act comes with tax repercussions. The additional Medicare tax is one of them. Here's what it's meant to do -- and what it means for you.

By Kate Kershner

Named after Sen. Paul Coverdell, this education savings account allows your money to grow tax-free and be distributed tax-free as well. So how do take advantage of this double blessing?

By Dave Roos

As the year ends, many businesses are not popping Champagne. They're trying to figure what to do in order to reduce their tax liability for next year. Are there any sure-fire (legal) methods to do this?

By Amanda Abella

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If you're a small business owner or self-employed, listen up: An S corp might be a better way to go than an LLC or sole proprietorship when it comes to taxes. Here's what you need to know.

By Kate Kershner

The standard deduction can be pretty sweet. Single people in 2014 can get $9,100, while married and filing jointly will net $12,400. The standard deduction isn't for everyone, though -- and it does affect what you might like to itemize.

By Kate Kershner

Your company requires you to use your personal vehicle for work-related purposes. Can you really write off the car on your taxes?

By Kate Kershner

When it comes to tax brackets, the numbers change a little every year. But if you jump from one bracket to another, your tax return can change dramatically.

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You moved from one state to another last year, and now it's tax time. Don't freak out. Paying income taxes in two states is actually a pretty simple process, if you know all of the IRS rules.

By Kate Kershner

In 2012, more than 80 percent of tax returns resulted in cash back from the government. Those are pretty good odds. But refunds aren't instant. Here's how to track yours -- and here are a few tips on getting it faster.

By Kate Kershner

Discretionary income is simply the money you have but don't need to spend. But it's not just about you: Discretionary income is also used to monitor the larger economy.

By Chris Opfer

Did you make money outside of the U.S. this year? If so, here's a way you may be able to reduce your tax burden.

By Chris Opfer

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Everyone knows taxes are due on April 15. Unless, of course, you have to pay them early. Here's a guide to estimated tax payments.

By Chris Opfer

If you're contracted to work for a company, the money you receive is called "nonemployee compensation." You might just call it cash. Why does the name matter?

By Chris Opfer

This tax credit, along with the lifetime learning credit, pays you back for going to school. How do you claim the American opportunity tax credit?

By Chris Opfer

Companies are supposed to pay taxes on their income, sort of like everyone else. But many underpay through tricky maneuvers. Some critics say maybe the answer is just to abolish corporate taxes.

By Chris Opfer

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Have a kid, save some money on taxes. Sounds simple, doesn't it? Though the amount of the child tax credit is not enough to offset child-rearing costs, every bit helps.

By Chris Opfer

For those who aren't math majors, we'll make the explanation of the lifetime learning credit quick and easy. It covers 20 percent of up to $10,000 in tuition and other costs – that converts to $2,000.

By Chris Opfer