Topics: Charitable Giving
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“”Bunching”” Medical Expenses – A Tax-Smart Strategy
Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed…
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Ready for the new not-for-profit accounting standard?
A new accounting standard goes into effect starting in 2018 for churches, charities and other not-for-profit entities. Here’s a summary of the major changes.…
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Watch Out for Potential Tax Pitfalls of Donating Real Estate to Charity
Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income tax deduction. If you’re considering…
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Key deadlines for the remainder of 2017
While April 18 was the main tax deadline this year, there are others through the rest of the year that are important to be…
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Deduct all of the mileage you’re entitled to – but not more
Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard mileage rate to compute…
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When it comes to charitable deductions, all donations aren’t created equal
As you file your 2016 income tax return and plan your charitable giving for 2017, it’s important to keep in mind the available charitable…
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Do you need to file a 2016 gift tax return by April 18?
Last year you may have made significant gifts to your children, grandchildren or other heirs as part of your estate planning strategy. Or perhaps…
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Get 2 tax benefits from 1 donation
If you’re charitably inclined, making donations is probably one of your key year-end tax planning strategies. But if you typically give cash, you may…
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Benefits related small businesses tax credits
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…
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Five Tips for Choosing the Right Charity for Your Donation
You want to give to a charitable cause, but you can’t decide which one because you receive so many solicitations. How do you know…