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No one likes paying legal fees, but tax deductions can make them a lot less painful. With a 40% tax rate, $10,000 in deductible legal fees costs you only $6,000. But if your legal fees are to get divorced or because a family member sues you for slander, the legal fees are purely personal and non-deductible. See How To Make Divorce Less Taxing. Distinguish purely personal expenses from investment expenses.

My husband and I recently refinanced our mortgage, and the bank sent us our credit scores during the process. Both scores were good, but my husband’s was 30 points higher than mine. This puzzled me, because we share the same spending and bill-payment practices.

Summer is officially here! Staying busy and active, taking trips, and cranking the AC can really do some damage to your pocketbook. Here are 9 easy ways to save this summer season.

It’s easy to gripe about the rich manipulating the rules to lower their tax rates, but sometimes it’s better to simply borrow a few pages from their playbook. Although finagling a low tax rate on income — as Warren Buffett talks freely about — is difficult for regular salaried workers, there’s another area where modest taxpayers have something to learn from the wealthy: minimizing estate taxes.

Follows are nine tips that parents might want to keep in mind while toasting champagne glasses preparing for back to school.

Today's seniors can't just stay in today's low-return fixed-income products because rates on money market accounts and CDs won't even keep up with inflation. But there are options.

Ever wonder if coupon clipping is worth your time? While it can save extra dollars and cents, it can also cost you time and effort. Some say we should just wait for sales and buy in bulk and we can forego coupon clipping altogether.

A new book applies the market rules of cold hard capitalism to the economy of your marriage to help you efficiently allocate limited resources such as time, money, sanity and, yes, even your sex drive.

TODAY Money experts David Bach, Jean Chatzky, Carmen Wong-Ulrich and Allison Linn offer strategies, some from personal experience, on how to reduce tension over money in your life and avoid fighting over finances.

If you managed to claim every possible tax break that you deserved when you filed your 2009 return this spring, pat yourself on the back. But don’t stop there. Those tax-filing maneuvers are certainly valuable, but you may be able to rack up even bigger savings through thoughtful tax planning all year round. The following ideas could really pay off in the months ahead.