To help you through Valentine’s Day without breaking the bank, here are five tips to make your Valentine’s Day special without the price tag– now that’s a real gift! 1. Make a Gift-giving Budget and Stick to it. As a...
‘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?
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.
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.
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.
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.
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.
If you’ve done any charitable work over the past year you’ve likely put in time and money toward the cause. But what if you had to travel in order to volunteer? Are travel expenses to a charitable event deductible? In some cases, yes, travel expenses related to volunteering can be deducted. Read more.
Tax–free treatment of Qualified Charitable Distributions from traditional and Roth IRAs has been extended through December 31, 2011. As long as an individual meets certain criteria laid out by the IRS, this strategy will offer hefty tax savings for individuals. Find out more here.
Although giving to charity comes from the heart, you’ll usually still feel it in your wallet. Of course, many contributions to charity are tax deductible, easing the financial hit. Find out end of year tips here.