Tax Deductible Expenses for Charity Volunteers
Charity, DeductionsArticle Highlights:
Charity Tax Exempt Status
General Rules for Deducting Volunteer Expenses
Away-From-Home Travel Expenses
Vehicle Expenses
Entertaining For Charity
Uniforms
Use of a Capital Assets
Conventions
Underprivileged…
2024 Standard Mileage Rates Announced
Deductions, Tax TipsArticle Highlights:
Standard Mileage Rates for 2024
Business, Charitable, Medical and Moving Rates
Important Considerations for 2024
Switching Between the Actual Expense and Standard Mileage Rate Methods
Employer Reimbursements
…
Taxes and Holiday Gift Giving
Deductions, Holidays, Tax Tips, TaxesArticle Highlights:
Watch Out for Holiday Gift Scams
Gifts with Tax Benefits
Gift of College Tuition
Gift of College Student’s Supplies
Payoff of Student Loan Debt
Clean Car Credit
Qualified Tuition Programs
Qualified…
Home Energy Improvement Credit Is Enhanced
Deductions, Environment, Finance Tips, Tax CreditsArticle Highlights:
Credit History
Credit Percentage and Annual Credit Limit
Per Item Credit Limit
Home Energy Audit
Identification Number Requirement
Other Credit Issues
Tip To Maximize The Credit
This credit goes…
Bunching Your Deductions Can Provide Big Tax Benefits
Deductions, Tax TipsArticle Highlights:
Itemized Versus Standard Deductions
Medical Expenses
Taxes
Charitable Contributions
If your tax deductions normally fall short of itemizing your deductions or even if you are able to itemize, but only…
Not All Interest Is Deductible for Taxes
Deductions, Tax TipsArticle Highlights:
Interest Categories
Category Deductibility
Interest Tracing Rules
A frequent question that arises when borrowing money is whether or not the interest will be tax deductible. That can be a complicated question,…
Ways to Maximize Business Deductions
Business, DeductionsArticle Highlights
New Business
Legal and professional fees
Spousal Joint Ventures
Self-employed Health Insurance
Home Office
Deducting the Cost of Business Equipment
Advertising Expenses
Website Costs
Financing
…
Don’t Overlook Your Charitable Contributions
Charity, DeductionsArticle Highlights:
Charitable Itemized Deductions
Bunching Deductions
Qualified Charitable Distributions
Donor-Advised Funds
Volunteer Expenses
Misconceptions
Household Goods and Used Clothing
Documenting Charitable…
Tax Deductions Without Itemizing
2020 Tax Laws, 2021 Due Dates, Deductions, Health Savings Accounts, Tax Planning, Tax TipsArticle Highlights:
Charitable Contributions
Educator Expenses
Performing Artist Expenses
State and Local Government Officials’ Expenses
Health Savings Account Contributions
Moving Expenses for Members of the Armed Forces
…
Don’t Miss Out on Tax Credits
2021 Tax Laws, Deductions, EITC, Tax Credits, Tax News, Tax Planning, Tax TipsArticle Highlights:
Non-refundable vs. Refundable Credit
Childcare Credit
Earned Income Tax Credit
Child & Dependent Tax Credit
Saver’s Credit
Vehicle Tax Credits
Adoption Credit
Residential Energy-Efficient…