Is that Charitable Donation Tax Deductible?

charitable tax donationWhen we think of giving to charity, we often consider our largess to have a financial benefit – it’s tax deductible. Being able to reduce your taxable income, with the help of a charitable donation, can provide a bit of a benefit to your pocketbook, even though […]

January 25th, 2012|Tax Deductions|0 Comments

Theft and Casualty Tax Deduction Details 2011

casualty and loss tax deduction2011 was an eventful year, filled with a few natural disasters such as earthquakes, hurricanes, tornadoes and more. It’s never fun to lose money due to a disaster, or to theft. However, you can mitigate some of the pain with a tax deduction. Your tax deduction […]

December 27th, 2011|Tax Deductions|2 Comments

Lower Adoption Costs in 2011 & 2012 With the Adoption Tax Credit

Adoption Tax CreditWhen you are in the process of adopting, it seems like there is always another bill to be paid. Travel expenses, home study fees, court costs, and more keep piling up.

The IRS offers an adoption tax credit to make adoption more affordable, and to hopefully allow families to adopt […]

Business Tax Deductions: Deduct Your Travel Expenses

tax deductible business travel expensesSometimes, travel is necessary in order to improve your business. The good news is that the IRS allows you to deduct many of the expenses that come with your business-related travel.

You do need to be careful, though. Make sure that your expenses are truly related to business, and that […]

HSA Tax Benefits, IRS Rules & Contribution Limits for 2011

HSA Tax BenefitsAs you complete your tax planning for this year (and continue to plan for the future), it is important to take the time to consider the many advantages associated with utilizing a Health Savings Account (HSA). If you are looking for additional ways to lower your taxable income through tax-advantaged savings account, […]