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The very term "tax loophole" sounds like something illegal or something that only the wealthy can exploit. But there are various provisions in the IRS code that nearly anyone can take advantage of but...
As president of the Berkshire Lifetime Learning Institute, renamed the Osher Lifelong Learning Institute in 2007, Mona Sherman conceived the annual series of lectures now bearing her name.
Nearly half of Americans who file federal income tax returns do not pay any federal income taxes because they receive certain tax credits. Many of these nonpayers actually receive a cash payment from the IRS because of refundable tax credits. Refundable credits are increasing the level of dependency, and nonpayers will soon reach the tipping point where a majority of tax filers pay no taxes and can vote increasing government benefits at no cost to themselves. That is a deadly recipe for never-ending increases in government spending, inevitably leading to a fiscal implosion when there are no lo...
Rushing to finish your taxes by midnight Tuesday? Take time to check for these oft-missed deductions for education, property, charity and healthcare.
When Rachel Leonard's parents would take her to run errands as a kid, they laid out the game plan: \