The IRS recently announced that victims of the Madoff scandal can claim up to 95 percent of their losses on their taxes. Tess Vigeland and Chris Farrell discuss what implications this decision has on the tax code and on victims of future Ponzi schemes.
The IRS has set aside tomorrow to help ease tax filers' anxiety and answer questions. IRS employees have even undergone special training to insure "Super Saturday" is a success. Amanda Aronczyk reports.
The earned-income tax credit is designed to give a break to low-income workers. But commentator Amity Shlaes says these days the poor may be paying too few taxes and the rich may have too big of a burden, which is not helping economic recovery.