Spring Cleaning and Charitable Giving to Help at Tax-Time
Tax Deductions and Credits

Spring Cleaning and Charitable Giving to Help at Tax-Time

It’s spring and that means it’s a great time to clean out the basement, attic, closets, and garage and save some money on your 2013 tax return at the same time. There are many charitable organizations that you can donate items to help those in need and take a deduction on your tax return if you itemize. If you did spring cleaning in 2012 you can also take advantage of this tax benefit and save on your 2012 taxes. Let’s look at the types of items you might like to donate.

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Does March Madness Boost Employee Morale and Productivity [Infographic]?
Income and Investments

Does March Madness Boost Employee Morale and Productivity [Infographic]?

March marks the countdown to the tax deadline and the long-awaited March Madness office pools. While employers complain that they lose money during the NCAA tournament, employees score on their office pool winnings. Our March Madness infographic looks at how March Madness activities really impact employee productivity and morale and reminds you of the tax implications of your winnings. Full story

The Affordable Care Act Timeline for Individuals and Families [Infographic]
Health Care

The Affordable Care Act Timeline for Individuals and Families [Infographic]

The Affordable Care Act or healthcare reform was signed into law on March 23, 2010. Some tax provisions related to the law took affect in 2010, but the requirement to purchase health insurance and how the purchase relates to your taxes doesn’t go into effect until 2014. Still, Americans remain confused about when they need to purchase health insurance and when the requirement to purchase health insurance impacts their taxes. Our experts at the American Tax and Financial Center at TurboTax put together this helpful infographic timeline to dispel the myths about healthcare reform and let you know when the key dates and events take place.
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