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For tax refunds, direct deposit is the way to go

Some taxpayers like to actually get a check from the government, but there are distinct advantages of requesting direct deposit.   NEW YORK (MainStreet) —…

The rules on deducting student loan interest

You can claim up to $2,500 in interest paid on qualified student loans used to pay for college or vocational school.   NEW YORK (MainStreet)…

What’s the best tax break for childcare expenses?

Most working parents have only one way of getting a tax break on the expenses they pay for childcare – the special tax credit allowed…

Can The Windfall Tax Affect You?

The windfall tax is deceptively simple. When you receive a windfall — whether it’s an inheritance from a relative, winnings from the lottery or gambling,…

Smart move: Deduct your relocation expenses

Did you move for a job last year? You may be entitled to a deduction for your unreimbursed moving expenses.NEW YORK (MainStreet) — Did you…

Tax-savvy ways to save for your kid’s college expenses

The tax code provides several ways to defer or avoid taxes while saving for your child's education.   The tax code provides several ways to…

Tips on handling alimony at tax time

The deduction for alimony is not limited to support payments.   NEW YORK (MainStreet) — If you are paying alimony you may be able to…

Get smart on tax refunds — and don’t get them

Keep your money and use it during the year rather than let the government take it and pay you back, one adviser says.   NEW…