April 12, 2012 4:08 pm

Tax Day Can Be Deadly

Certainty used to be defined as death and taxes. Now that definition takes on a whole new meaning. According to a study, car accidents increase on the tax filing deadline by about 6%. This translates into about 13 extra deaths!

What to do: Exercise special caution when driving on April 17th, the filing deadline in 2012. Also, you can stay home and avoid the post office by e-filing your return.

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Tax Glossary

Depreciation

Writing off the cost of depreciable property over a period of years, usually its class life or recovery period specified in the tax law.

More terms