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For those of you that may not already know, donations made to qualifying charities can be deducted on your tax returns. In order to deduct a donation on your tax return it has to be made to a non-profit §501(c)(3) charitable organization. Most donations to churches, or non-profit groups will be deductible, but it never hurts to double check. Additionally, most donations to lobbying groups and political campaigns do not qualify as charitable contributions on your tax return.
In today’s economy more and more people are willing to relocate for a new job opportunity. Fortunately, the IRS has setup a special deduction to help taxpayers offset the high costs associated with relocating your family for a job.
A lot is changing in the tax world. Many of the changes are intended to improve the state of the U.S economy. While next year’s tax return should not look very different from this year’s, there are a few changes in particular which taxpayers should be aware of and prepare for throughout the year.
It is February already, and tax season began weeks ago. If you have already prepared your tax return, pat yourself on the back. However, if you are like most Americans and have not even started, then you will want to get your return filed as soon as possible. Although you have two and half months before the IRS deadline, you may be surprised to see there are lots of advantages to getting your taxes prepared early.
It is February already, and tax season began weeks ago. If you have already prepared your tax return, pat yourself on the back. However, if you are like most Americans and have not even started, then you will want to get your return filed as soon as possible. Although you have two and half months before the IRS deadline, you may be surprised to see there are lots of advantages to getting your taxes prepared early.
As we wait for Congress to decide the fate of health care reform, I think it is important to remember that the House of Representatives and U.S. Senate each passed different bills addressing the issue. Therefore, when debating health care reform, it is important to understand the similarities and differences between each bill.
Many taxpayers are asking Roni Deutch Tax Centers across the country about the available “green” tax credits for individuals and their requirements for the 2009 tax season. Two available credits striking a lot of interest are an electric motor-vehicle and the home energy-saving equipment credit.
There are dozens of organizations working to provide assistance to the people of Haiti, and to help encourage Americans to make a donation please enjoy the following list of ways to contribute as well as a brief explanation of how you can deduct the contributions from your taxable income next year.
To help consumers avoid being taken advantage of by these companies, the attorneys of Roni Deutch, A Professional Tax Corporation have put together a list of five alarming tactics employed by some of these companies that you should be wary of before you retain one of them.
Now that 2010 has begun, people across the country will make pledges to change or alter their behavior in the New Year. However, instead of making a resolution to visit the gym more often or reduce your sugar intake, why not focus on taking control of your finances?

