Tag: Tax Deductions

Latest Posts From Tag: Tax Deductions

Nonprofit

The Latest Rules on Charitable Donations

Charitable contributions are deductible, says the IRS, only if you itemize deductions. And further, they are deductible only if you make contributions to qualified charitable organizations. The tax agency reminds us that contributions to individuals are never deductible. Even if

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Personal Taxes

Simple Summer Tax Tips to Save You Time

What is June without weddings? If you’re getting hitched, here are some tips to make filing your taxes easier: How about summer camp? If you’re sending a child to camp, the cost may count toward the child and dependent care

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Personal Taxes

Credits vs. Deductions: What’s the Difference?

Tax deductions and tax credits can both help you, but that doesn’t mean they’re the same thing. Knowing how they work can help you understand your tax situation. Tax credits are subtracted from your final tax liability, dollar for dollar,

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Construction

How To Prepare for Tax Season

Want to make sure your tax paperwork is organized? Keep excellent records all year. That way, after the end of the year, you just gather applicable tax documents that arrive in the mail or become available online. Ensure you’ve received

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Construction

When To Plan for Tax Season

Reduce your taxes or increase your refund for your next return by planning throughout the year. The IRS suggests that your first consideration should be going to IRS.gov for online tools that can help you file and pay taxes, find

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Construction

Hidden R&D Credits: Are You Missing Out?

If you’re a business owner who wants to eliminate the uncertainty in developing a new product or improving an existing one, you’re probably engaging in research and development activities. Whether expenses qualify as R&D expenses depends on the nature of

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