For taxpayers, it means doing your taxes twice.

I can't tell you why there hasn't been a hue and cry about this. Maybe it's just because the baby boomers aren't quite old enough to be affected by it yet.

Generally, the unemployment rate is pretty low. I'm not sure they do at this point.

By splitting up a large distribution and taking part in December and part in January, you may avoid moving to a higher tax bracket in either year, and keep more of your Social Security benefits from being taxed as well.

In spite of all the talk about simplicity, in fact the tax code has gotten more complicated every year.

Individuals who put up a displaced person at their residence for at least 60 consecutive days can get an added exemption of $500 per person.

Increasing the length of the automatic extension will save taxpayers some time and trouble, but it's still smart to file as soon as you can.

Once they file for an extension one year, it sort of becomes a habit. I know people who do it regularly who don't have any particular reason they couldn't have had their information together by April 15.

The odds of winning the grand prize are less than one in 146 million, but it's a sure bet that if you do win a big jackpot, you're going to also have a big tax bill, with more than one-third of your winnings going to the IRS.

You don't have a filing requirement because you don't have a tax due. But if you had withholding, you've paid tax. It's worth your while to file a return to get your money back.