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7 Deductions That Lower Your Taxable Income

Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.

04/09/2014

(Photo by Justin Sullivan/Getty Images)

D.C. Suburbs Make List of America’s Richest Neighborhoods

The Washington region has long been among the nation’s most affluent areas, but it’s also home to some of America’s richest neighborhoods, according to a new study.

02/27/2014

The pay gap between the richest 1 percent and the rest of America widened to a record last year. STAN HONDA/AFP/GettyImages)

Top 1 Percent Took Largest Ever Share Of U.S. Income in 2012

The pay gap between the richest 1 percent and the rest of America widened to a record last year.

09/10/2013

File photo of a "For Rent" sign in front of an apartment building. (Photo by Justin Sullivan/Getty Images)

Study: Working Class American Families Spend Half Of Overall Income On Rent

The findings of a new study organized by the Center for Housing Policy indicate that American working-class families spend, on average, more than half of their incomes on rent.

05/08/2013

File photo of President Barack Obama and first lady Michelle Obama.  (credit: NICHOLAS KAMM/AFP/Getty Images)

Obama Pays $112K in 2012 Taxes on $609K of Income

President Barack Obama made less in 2012 than in any other year since taking office, with about 40 percent of the $609,000 in income that he and first lady Michelle Obama reported coming from book sales.

04/12/2013

President Barack Obama speaks on the Brain Research through Advancing Innovative Neurotechnologies (BRAIN) Initiative on April 2, 2013 in the East Room of the White House in Washington, D.C. (credit: MANDEL NGAN/AFP/Getty Images)

Millions Could Get Surprise Tax Bills Under ‘Obamacare’ If They Don’t Accurately Project Their Income

Millions of people who take advantage of government subsidies to help buy health insurance next year could get stung by surprise tax bills if they don’t accurately project their income.

04/02/2013

File photo of a payroll check.  (credit: Getty Images)

Study: Nearly 40 Percent Of Americans Living Paycheck To Paycheck

In a recent study released on Monday July 23rd by the Consumer Federation of America finds that close to two-thirds of families are living paycheck to paycheck.

07/24/2012