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Bigger home, bigger tax break - great deal?

Bigger home, bigger tax break - great deal?

Apr 20:  A larger residence could make trim your annual tax bill. Our expert takes a look to see if it's worth it. (more)
Tax receipts hit 1-day record of $48.7 billion
5:33pm: Flush year for high income investors pushes figure from $36.4 billion in 2006. (more)
The not-super rich may get AMT break
5:27pm: Key House tax writers reach consensus on proposal exempting those making under $250K from the wealth tax, and increasing bite on those making $500K-plus, according to leading tax publication. (more)
Late filers swamp Turbo Tax
Apr 18: A flood of last-minute tax filers caused long delays for users trying to check on the status of their electronic returns. (more)
All Tax News
Essentials
AMT 101
The AMT is meant for the rich, but it's the scourge of the middle class. Here's why. (more)
401(k)s as tax breaks
These retirement vehicles not only offer free money...they are smart tax-saving tools as well. (more)
How much should you withhold?
If you're a wage or salaried employee, your employer picks up half of this tax burden. (more)
Video
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For Laughs: TurboTax snafu
For Laughs: TurboTax snafuComedian Kathleen Madigan discusses why she thinks TurboTax crashed this tax season. (more)video
The tax man cometh
CNN's Carl Azuz tallies up what your tax dollars pay for. (April 12) (more)video
Resources
State by state tax rankings
See how much you'll pay in income, sales and property taxes. (more)
How does your tax guy rate?
Here's how to know who you're dealing with and whether you're getting your money's worth. (more)
Tax-Friendly Places to Live 2006
State Percentage per capita income in 2006
Alaska 6.60%
New Hampshire 7.30%
Delaware 8.40%
Tennessee 8.60%
Alabama 8.80%

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