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.
A great milestone of your financial life is the purchase of your first home. While less exciting, the tax implications of that achievement are no less critical. After all, home ownership creates several new opportunities for you to save on your federal income taxes. Got your attention?
One popular goal for many people this year is to donate more to charity. If you’re on a tight budget, however, you may feel like that goal is out of reach. The good news is that there are plenty of ways you can give through out 2013.
Here are some ways you can make a difference this year and beyond.
To help you through Valentine’s Day without breaking the bank, here are five tips to… Full story
‘Tis the season for gift-giving, to be sure. But don’t forget to include those in need on your gift list. Many people give money to their favorite charity or drop a few bills and loose change into the Salvation Army kettle, but did you know there are other ways you can give and save on your taxes at the same time? Full story
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
For many people, the cost of holiday gift giving adds up fast. Whether you give generously or simply feel compelled to reciprocate, many wonder if there is a way to save on taxes as a result of all of this spending. When you give to charitable organizations, a tax deduction might be available. Full story
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
It’s easy to accumulate things so the idea of summertime cleaning always appeals to me. Fortunately, Uncle Sam has the same idea and if you do things right, you can clean out your home and get a nice tax deduction for your trouble when you file your taxes. Full story
If you’re planning your wedding this year you may be amazed at how expensive it can be. With some planning, you can have the wedding you’ve wanted and cut costs on your wedding expenses. Depending on your situation you may also get to deduct some of your wedding costs.