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Thursday, January 30, 2014

Taxes

News                                                                                                                             
CNN Money | How to lower your tax bill
Every year Americans scramble to shave dollars off their federal tax bill in December -- then miss out on a huge opportunity come January. The beginning of the year is also a great time to strategize, since you can reap the benefits of any changes you make for a full 12 months ahead.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Obamacare Could Make Tax-Filing Season Devastating for Obama
Obamacare could make the coming tax filing season devastating for the administration. When W-2s start arriving, they are not only going to remind "the wealthy" of how much more they are paying to the government, but also those who saw their payroll taxes return to their full level. Together, these higher tax payments threaten to act like the hammer hitting the anvil that Obamacare has become for the White House.
FOX Business | Be Wary of this Season’s Tax Filing Scams
The 2013 tax filing season opens on Jan. 31, but it’s not just the IRS that is ready for your returns--so are scammers.

Blogs                                                                                                                             
WSJ | Households Spend More on Healthy Foods When They Get Earned Income Tax Credit
The Earned Income Tax Credit was created in the 1970s as an incentive for low-income Americans to stay in the workforce. It may also help them eat healthier food, according to new research from the Federal Reserve Bank of Chicago.