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 […]
Get Familiar with These Tax-Saving Terms
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 […]
How Much Time is Left to Make Donations You Can Deduct on Your 2014 Return?
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 […]
Working From Home? Home Office Deduction Options
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 […]
Higher Standard Deduction And Exemption Amounts On 2013 Tax Return
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 […]
Make The Most Of Your Charitable Donations
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 […]
Solar Energy: A Bright Idea
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 […]
Who Can Take the “Manufacturers’ Deduction?”
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 […]