Monday, May 12, 2008, 6:03PM ET - U.S. Markets Closed.

Taxes

Tax Rebates: Spend, Invest, or Pay Off Bills?

Over the next several weeks, Uncle Sam will cut 130 million Americans a check. But what should they do with the extra money?...  read more

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• IRS Promises Better Response to ID Theft
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View Taxes basics

Top Stories

• H&R Block reports fees up 9 pct in 2008 tax seasonAP - Today, Mon, May 12, 2008
• Britain drops tax charges on overseas soccer teamsAP - Today, Mon, May 12, 2008
• Housing bailout: Little cost but also little helpCNNMoney.com - Today, Mon, May 12, 2008
• NC governor seeks higher taxes on smokes, alcoholAP - Today, Mon, May 12, 2008

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Most Popular Articles

• HP in talks to buy EDS to compete with IBMReuters - Mon, May 12 - 5:39pm ET
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How-To Guides

• Understanding Withholding
• The Alternative Minimum Tax
• Common Tax Credits
• Tax Strategies for Retirees
• View more how-to guides

Calculators

• How do taxes and inflation impact my return?
• What are the tax savings generated by my mortgage?
• What are the tax advantages of an annuity?
• Should I exercise my "in-the-money" stock options?
• Income generated by a savings plan
• View more calculators

Expert Opinion

Overlooked Tax Deductions for Last-Minute Filers

By Laura Rowley

If you've put off filing your tax returns, here are some lesser-known deductions that could save you even more money.

• Top Tax Tips for Younger Filersby Anya Kamenetz
• Get More for (and From) Your Money in Tough Timesby Suze Orman
• Act Now to Make 2008 Less Taxingby Suze Orman

View all experts

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Rates

See today's average rates across the country.

• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	5.69%	5.77%
  15 Year Fixed	5.28%	5.35%
  1 Year ARM	5.85%	5.90%
  30 Year Fixed Jumbo	6.97%	7.07%
  5/1 ARM	5.09%	5.39%
  3/1 ARM	5.02%	5.35%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	7.42%	7.41%
  $50K Home Equity Loan	7.26%	7.26%
  $75K Home Equity Loan	7.50%	7.50%
  $30K HELOC	5.02%	5.06%
  $50K HELOC	4.17%	4.18%
  $75K HELOC	4.16%	4.17%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	2.76%	2.75%
  1 year CD	3.03%	3.01%
  3 year CD	3.18%	3.15%
  MMA	2.35%	2.37%
  $10K MMA	2.54%	2.56%
  $25K MMA	2.93%	2.93%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.66%	6.64%
  48 Month New Car Loan	6.58%	6.77%
  60 Month New Car Loan	6.57%	6.54%
  72 Month New Car Loan	7.10%	7.11%
  36 Month Used Car Loan	7.17%	7.20%
  48 Month Used Car Loan	6.89%	7.11%

  Source: Bankrate
• Credit Cards

  Card Type	Today	Last Week
  Balance Transfer	10.31%	10.03%
  Low Interest	11.01%	10.97%
  For Bad Credit	13.02%	13.12%
  Cash Back	11.47%	11.46%
  Business	11.10%	10.91%
  Airline	12.75%	12.69%

  Source: CreditCards.com

View rates in your area

Top 5 Questions & Answers

Ask a financial question and get answers from real people on Yahoo! Answers.

• How big will my rebate be?
  Asked by Daniel F
• When will I receive my tax rebate of $600?
• What year is the new tax rebate based on?
• What are the income guidelines for Earned Income Credit?
• My federal return was direct deposited then I found-I was shorted about $500. Has anyone else had this happen?

Ask a new question

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