As tax day approaches, the Internal Revenue Service is giving agents more flexibility to work with taxpayers who have seen their incomes drop during the recession.
JuWanda Harris spent the last year rising before the sun to work two
jobs, using the money to support her brother and sister and help her
parents with everything from gas bills to toothpaste.
With a surge of last-minute votes expected, Oregon will decide Tuesday whether to impose higher taxes on businesses and people whose income is well into six figures.
Last year, millions of Americans received unemployment checks. Which makes for millions of people with some tax-free income. Congress made the first $2,400 of unemployment benefits exempt from federal income tax for last year.
President Barack Obama's push to create jobs includes a new tax credit for small businesses that add employees, an idea that has appeal as the nation struggles with an unemployment rate topping 10 percent.
Previewing key elements of his State of the Union address, President Barack Obama is announcing on Monday a series of initiatives aimed at calming some of the economic fears of struggling middle class families.
Millions of Americans may look back on 2009 as the year they froze like deer in headlights – and made money by standing still. Since the market bottomed out in March, some who sat on their hands have done surprisingly well. As of today, an investor with all her stocks in an S&P 500 index fund would be up a healthy 20 percent for the year – and more than 60 percent since March.
