Giving Up Tax Breaks: A Smart Move?

When you’re doing your taxes, sometimes it makes sense to give up even the most popular tax breaks, explains Andrea Coombes on MarketWatch.com.

A senior tax analyst she spoke with says that “sometimes using an alternative approach can give you tax savings.”

Coombes offers seven situations where giving up a tax perk may save you money. For example, some higher-income parents may be better off not claiming personal exemptions for their college-age student. That’s because the student may be eligible for certain tuition credits. And in some cases, married couples may be better off filing separately. Read the full story here.