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Tax breaks for life's big events

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Babies, weddings, homes and taxes
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Babies, weddings, homes and taxes © Mehmet Dilsiz – Fotolia.com

Babies, weddings, homes and taxes

Taxes have been a part of your life since your parents welcomed you into this world.

From that beginning as a spanking-new tax break for Mom and Dad, taxes have had an important role in all your major life events, from getting a job, saying "I do," buying and selling homes, having kids of your own and even retiring.

In some cases, the involvement of the IRS is not such a good thing.

But in many ways, the tax code can be your best friend. You just need to know how it applies to your personal circumstances so you can take advantage of it. Read on to learn more about tax breaks for life's big events.

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