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Taxpayers who used direct deposit for their 2007 refunds automatically received their stimulus checks in the same way. Direct deposits of 2007 tax refunds could have been directed not only to checkin...

You may be able to deduct the property taxes on vacant land held for investment, but you must itemize personal deductions to do so. These taxes are not subject to the limitation on state and local tax...

The Fostering Connections to Success and Increasing Adoptions Act of 2008 has passed both houses of Congress and has been sent to the White House for the President's signature, which is expected short...

You've filed your return and are waiting for the check to arrive. Use an online tool to track the check's progress. The IRS's "Where's My Refund?" application lets you see w...

In today's tough economy, investments in personal portfolios, 401(k) plans, and individual retirement accounts (IRAs) may be down. Fortunately, the tax law lets you ease your financial pain by claimin...

The hurricane season is upon us and many taxpayers around the country have already experienced devastating property losses from tornadoes, floods, wildfires, and other natural disasters this year. The...

You may have a generous spirit and the means to help your favorite nonprofit organization, but unless you follow tax rules you won't enjoy tax breaks to which you might otherwise be entitled. Ca...

Homeowners can exclude gain on the sale of their principal residence up to $250,000 ($500,000 on a joint return); for many homeowners this means tax-free sales proceeds. However, to claim this break,...

If you have a high outstanding balance on your credit card, you may be able to negotiate with the credit card company for a reduced settlement. While such a settlement can save you thousands of dollar...

Those with divorces or legal separation agreements finalized before 2019 are subject to old alimony rules. These rules allow payors to deduct payments, while recipients must report the payments as inc...