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.
During the holidays an estimated 75 percent of Americans donate to charity, but many don’t realize they can turn their generosity into tax savings. To help taxpayers, Intuit TurboTax created the new TurboTax ItsDeductible mobile app for iPhone. Full story
The clutter is becoming too much. You’re ready to deal with it by, (gasp), finally getting rid of some stuff. Even your significant other is on board with the idea. Now the question becomes: What’s the best way to dispose of your items and make some money? Full story
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.