Not all donations can be written off on your taxes. For example, a donation to a private party or individual does not count. If you donate your time to an organization, you may not deduct the value of your time either. In this post we’ll take a closer look at what is required to receive credit for
How to Decide if You and Your Spouse Should File Separately or Jointly
If you have just gotten married or if your life circumstances have changed, you may be interested in choosing to file a joint return. If you are unsure of the most beneficial way to file, here are some of the factors which should figure in the decision-making process. Filing Together For most
How to Grow Your Retirement Fund without Growing Your Taxes
Preparing for your retirement is the responsible thing to do. You will need to make sure that you have plenty of income available when you are done working. Retirees will also need to make sure that their retirement is not taxed too heavily once it comes time to withdraw the money. Here are some
Reasons Why Your Property Taxes May Have Increased
If you own a home or commercial property, you will notice that your property tax amount changes from year to year. No matter where you are located, there exists always a possibility that your property tax will increase. Here are some reasons why your property taxes may vary annually. Increase in
5 Smart Ways to Use Your Tax Refund
You can use your tax refund as you please, but using it wisely will bring lots of future rewards. Create a list of goals and mark items which can be achieved with the use of your tax refund. Here are some ideas which may help you spend your refund in a smart manner. Invest Consider investing in
Which Presidential Candidate Has the Best Tax Plan?
As it gets closer to election time, presidential candidates are voicing their tax plans for the American public to stew over. Tax plans on the democratic side seem to be raising taxes across the board. Most republican candidates are simply making adjustments to existing tax brackets. Individual
5 Gigantic Companies That Didn’t Pay Their Taxes
Although major companies and corporations are successful, not all of them pay their taxes. Individuals and rich people are not the only ones that avoid paying taxes. Corporations are keeping a good amount of their funds out of the U.S. Bank of America Bank of America has more than 300 off-shore
How to File Your First Income Tax Return
You should not have fear when the time comes to file your first tax return. First time filers typically have a simple form to fill out, and this usually only takes a few minutes with most online tax preparation services. Take a deep breath and make sure your mind is focused before you begin. Gather