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Tuesday, May 22, 2012 | 6:17 p.m.

Personal Finance

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Here are a bunch of helpful methods to assist you in reducing your taxable income. These are great tips to use throughout the year when opportunities arise. When planning large purchases or gifts, get into the habit of thinking about how your taxes may be impacted as well.

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Smart ways to help reduce your taxes

Here are a bunch of helpful methods to assist you in reducing your taxable income. These are great tips to use throughout the year when opportunities arise. When planning large purchases or gifts, get into the habit of thinking about how your taxes may be impacted as well.

Do you qualify for the federal mortgage settlement

After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers: Ally/GMAC Bank of America Citi JPMorgan Chase Wells Fargo   The settlement will provide as much as $25 billion in relief ...

Key provisions of the federal settlement

Immediate aid to homeowners needing loan modifications now, including first and second lien principal reduction. The servicers are required to work off up to $17 billion in principal reduction and other forms of loan modification relief nationwide. State attorneys general anticipate the settlement’s requirement for principal reduction will show other ...

California joins federal mortgage crisis settlement with banks

Attorney General Kamala Harris announced early Thursday that the state has joined a nearly $26 billion federal settlement with five major banks over foreclosure abuses. Harris said the settlement could bring up to $18 billion into the state to help hundreds of thousands of homeowners hit by the mortgage crisis. ...

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The richest people in the U.S.

Credit card blues may not slow recovery

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Credit card blues may not slow recovery

Holiday shopping wrapped up last month - now it's time to pay those holiday credit card bills.

Disabled man fighting BofA over erroneous statements

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Disabled man fighting BofA over erroneous statements

Robert Galanida, paralyzed from the shoulders down, has been going back-and-forth with Bank of America over his mortgage for more than two years.

Groupon puts on a new face

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Groupon puts on a new face

Groupon launches "Clicky the Clickable Value Wheel." It's a Facebook game that allows users to "spin" for various Groupon deals.

Simple savings calculator

Simple Savings Calculator   Determine how much savings from a deposit. //

Video: The best way to file your taxes

  While they were doing their taxes one family allowed CBS News to document them trying three different tax-filing methods including using an accountant or doing it online.

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