Taxpayers can reduce their tax bills significantly by claiming common tax write-offs. If they exceed your standard deduction, savings can be substantial.
Interest earned by CDs is taxable, though tax payments may be delayed if they are held in some tax-advantaged retirement accounts. Learn the details of how this works.
You can achieve significant tax savings—and support charities you care about—by strategizing how you itemize tax-deductible donations. Learn which gifts qualify and how to organize them.