What’s Your Charitable Donation Deduction?
When it comes to deducting charitable gifts, all donations are not created equal. As you file your 2015 return and plan your charitable giving for 2016, it’s important to keep […]
When it comes to deducting charitable gifts, all donations are not created equal. As you file your 2015 return and plan your charitable giving for 2016, it’s important to keep […]
As you’re working on your midyear tax planning, refresh your memory on the meanings of terms that can save you money. Here are three. Exclusion. Exclusions are items that would […]
To take a 2014 charitable donation deduction, the gift must be made by Dec. 31, 2014. According to the IRS, a donation generally is “made” at the time of its […]
If your use of a home office is for your employer’s benefit or because you’re self employed, you may be able to deduct a portion of your mortgage interest, property […]
You’ve probably heard of the consumer price index, or CPI, a government statistic that measures the change in the price of certain items over a specified time period. But you […]
Will your donations be more powerful this year? Maybe. Deductions are more valuable when tax rates are higher, and higher-income taxpayers face higher rates in 2013. But the return of […]
Are you considering solar energy improvements to your home or business? Gilbert Tax Manager, Terra Van Zant, shares the tax incentives available for residential installations, what costs are eligible and […]
The manufacturers’ deduction, also called the “Section 199” or “domestic production activities deduction,” is 9% of the lesser of qualified production activities income or taxable income. The deduction is also […]