End of Year Tax Planning, What to Do with that Bonus?

December brings holiday cheer and the end of the 2008 tax year. Not exactly "visions of sugar plums dancing," but certainly in the dreams of most adults as 2008 comes to a merciful close. How can you position yourself this month to maximize your 2008 tax savings?

Taxing Politics: Where the Candidates Stand

Tax policy changes with every new administration. Do you know how you'll be affected this time?

Steps to Reduce Property Taxes

When the real estate market was red hot, property tax assessments were keeping right in step with home values. Now that the bubble has burst, it's logical to think that taxes should decrease, too. It may be logical, but it's not realistic. Your property taxes may stay the same, unless you do something about it.

Take Credit for Tax Credits

Tax credits reduce your tax liability dollar-for-dollar; that's practically the same thing as money in your pocket.

Tax Savvy: Swap Your Vacation Home

This just in: The IRS says that you can avoid a capital gains tax hit by swapping your vacation home instead of selling it. Just make sure that you follow the rules to qualify.