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Child Poverty and Family Income
Childhood poverty has both immediate and lasting negative effects. Children in low-income families fare more poorly than children in more affluent families in the areas of economic security…The Top Five Consumer Credit Scams
They can drain your finances, destroy your good reputation, and even get you jailedSource: Federal Trade Commission. Credit repair. Credit-repair companies run advertisements in newspapers, radio,…Recalls
Several federal agencies enforce product-safety regulations and provide recall information. Central access to recall information is at www.recalls.gov . Consumer products: U.S. Consumer Product…Catching the Facts on Identity Theft
Source: Federal Trade Commission. Web: www.consumer.gov/idtheft/index.html . Identity theft occurs when someone uses your bank account number, Social Security number, credit card, or other personal…Know Your Telemarketing Rights
Source: Federal Trade Commission. Web: www.ftc.gov. In its publication “Ditch the Pitch: Hanging Up on Telephone Hucksters,” the Federal Trade Commission (FTC) outlines your rights in dealing with…Stolen Identity: A Consumer Nightmare
Source: Federal Trade Commission (FTC). A new type of criminal has emerged—one who can wreak havoc with your finances and credit and destroy your good reputation. It's relatively easy for a…Number of Individual Income Tax Returns Filed Electronically
The following table shows the total number of individuals that filed income tax returns as well as the number and percentage that filed electronically each year. /**/ YearTotale-…Itemized Deductions
Taxpayers may itemize deductions or take the standard deduction. The standard deduction amounts for 2014 are as follows: $6,200 for single persons, $9,100 for…Personal Exemptions
Personal exemptions are available to the taxpayer for himself, his spouse, and his dependents. The 2014 amount is $3,950 for each individual. No exemption is allowed…Credits
Taxpayers can reduce their income tax liability by claiming the benefit of certain tax credits. Each dollar of tax credit offsets a dollar of tax liability. The…Trending
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