The ALS Ice Bucket Challenge has taken social media by storm all for a good cause to help raise money and awareness about the debilitating disease. So what are the tax implications for those who donate money because they can’t stand the thought ice rolling down their backs or messing up their hair?
Everyone is still enjoying their summer and a large portion of the country will not only be spending money on themselves, but also be finding ways to give to others this summer. This article will hopefully encourage you to think of different ways to give as well as help ensure that your donations earn you the benefit of a tax deduction. Full story
Your home can save you money this summer. Find out how.
Today is National Donut Day. But before you take that first doughy bite, take some time to learn about the history of National Donut Day and how you can save money while giving thanks in honor of this sweet celebration. Full story
Now that winter is over, many of us are turning attention to clearing out the clutter. Spring cleaning is an annual ritual for us. The good news is that you can use spring cleaning as a time to help others, as well as to clean the clutter from your home.
Today, the IRS announced that taxpayers who made cash donations for Philippines typhoon relief on or after March 26, 2014 and before midnight on Monday, April 14, 2014, can get an immediate tax benefit when claiming the donation on their 2013 return. If you’re thinking of giving back, it’s not too late. Full story
It seems like the end of the year always sneaks up on us and while I have your attention, I think there are a few smart moves you can make near the end of the year to set yourself up for a fantastic new year. Even though you will be preparing your taxes in 2014, these are moves you need to do today, while the date on the calendar still says 2013. Full story
Although your charitable nature surely isn’t solely motivated by the potential for a tax deduction, saving a few bucks on your taxes is a nice side benefit. To make sure you maximize the tax value of any of your planned philanthropy before the end of the year, consider the following guidelines. Full story
With the hustle and bustle of the holidays, the last thing we want to think… Full story
Over the years we had accumulated a lot of things, but we weren’t using some of them. Some local charities offered pick up for gently used furniture and we would get a receipt for a tax deduction.