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Conclusion

So there you have it – some of the most significant tax changes you need to know. We admit, not as much fun as reading PEOPLE magazine or Sports Illustrated, but nonetheless important information to help minimize your taxes.

President Obama has promised to simplify our tax code. We'll believe it when we see it! In the meantime, don't wait for the government to lower your taxes. Take control and use our tips for cutting your taxes now:

• What to do if You Can't Pay Your Taxes
• How to Slash Your Tax Bill
• 10 Smart Ways to Spend Your Tax Refund