Photo Credit Thinkstock

7 Deductions That Lower Your Taxable Income

Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.


Gov. Pat Quinn (Credit: CBS)

Gov Quinn Reported $201,066 In Income Last Year

Gov. Pat Quinn earned $201,066 and paid close to $46,000 in income taxes last year, according to returns released by his office on Friday.