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Certain imported drywall (much of which comes from China and is referred to as Chinese drywall) has caused blackening or corrosion of electrical wiring and copper components in household appliances, a...

Homeowners caught in sub-prime lending may now be eligible for certain tax relief. Under the Mortgage Forgiveness Debt Relief Act of 2007, if they can work out a refinance that entails some debt forg...

Even if your income is no higher in 2008 than it was in 2007, you can expect your tax bill to be lower. Why? Every year, cost of living adjustments to various tax items means you'll pay less than...

The $787 billion recovery package, called the American Recovery and Reinvestment Act of 2009, contains numerous tax breaks, primarily for low- and moderate-income taxpayers. Many of the breaks run fo...

The IRS e-file program has now passed the one billion return mark. The program started with a pilot program in 1986. At that time, there were five preparers in three cities, with a total of 25,000 ret...

Now that tax filing season is over, millions of taxpayers are eagerly awaiting their tax refunds. The IRS says the average refund this year is about $2,700. Some measures you take now with your tax r...

When school is out, what do your children do? Parents may send children to summer camp or special school programs or make other child care arrangements. Some older children may go to work. There may ...

Usually, distributions from a qualified retirement plan and IRAs before age 59½ are subject to a 10% excise tax, referred to as the early distribution penalty. The Tax Code has a long list of exempti...

Have you received a tax refund if you are owed one? The IRS reports that it is looking for 99,123 taxpayers who are owed $153 million in refunds. Their checks were undeliverable because of mailing add...

The 2-percentage-point reduction in Social Security taxes paid by workers in 2011 was extended for the first 2 months of 2012. Congress will try to extend the reduction for the balance of 2012. Assumi...