Most recent tagged with: charitable contributions and deductions

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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TurboTax and Operation Homefront Announce Mission2Match to Support U.S. Troops
TurboTax News

TurboTax and Operation Homefront Announce Mission2Match to Support U.S. Troops

Marine Sgt. Carlos Cruz, an infantry Marine suffered traumatic brain injury after IED blasts knocked him aside and left him unconscious. There are tens of thousands of U.S. service men and women just like him who need help to get back on track. Find out more about Carlos story and how TurboTax and Operation Homefront launched Mission2Match, a cooperative fundraising effort to support troops facing money emergencies and how you can join in supporting troops in need. Full story

Get Organized for Fall and Save on Your Taxes
Tax Deductions and Credits

Get Organized for Fall and Save on Your Taxes

Fall is here and the leaves are beginning to turn from green to red and yellow. That means it’s time to break out your fall wardrobe of sweaters and jackets. But before you put away the summer clothes, take a long hard look at your closet. Don’t pack them away for next spring, give them to charity now. That way someone else will enjoy them and you’ll get a big fat tax deduction for 2012. Full story