Tag: donations

Taxes and Traveling for Charity

Over the summer months, some people might travel to participate in charity work.  Not only is that a wonderful, selfless contribution to society, but it could also be tax deductible!  For the purposes of this blog we will not be

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Donations May Cut Tax Bills

donations can cut tax bills dramatically

Did you know that donations to charity can help lower your tax liability? Now that 2016 is drawing to a close, many people are beginning to think about their year-end tax stuff. There is still enough time to make charitable

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Tax Season Warning: $25K Donation Deduction Denied

Tax Season Warning: $25K Donation Deduction Denied David and Veronda Durden contributed $25,171 to their church a few years ago, taking the itemized tax deduction. The IRS challenged their deduction on a technicality, and the Tax Court sided with the

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Keeping good records could = more refunds for you!!

Martha Gagliano started their tax preparation business in 1987 and recently retired. I asked her to write a blog for you. Do you like to get a refund?? The best way is to keep good records. Businesses: save and catalog all

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