Five important tax breaks you may not be aware of

Raiding Your 401(k) Can Be Taxing
Find out why tapping your 401(k) could not only put a big dent in your retirement savings for the long term, but could cause you considerable tax pain in the short run. Even hardship withdrawals take their toll — get all the information before you make a move. Learn More

Your local thrift store is probably busy with shoppers who want to save money — but it could also be running short of merchandise. Your donations are tax deductible and TurboTax makes it easy for you to keep track — learn why everyone saves when you clean out that closet. Learn More

The bill to help rescue the economy also contained a bundle of income tax breaks for individuals. The biggest ones are "extenders" — popular tax breaks that must be renewed every year or two. Find out about the more than 100 tax provisions worth $150 billion in tax benefits. Learn More

New homebuyers could be eligible for a tax break — an interest-free loan worth up to $7,500. Find out how the loan works and how you could qualify. Learn More

Property owners who use the standard deduction, rather than itemize their individual deductions when filing their income taxes, could get a one-year tax break. Find out how much you could qualify for. Learn More