Understanding how to plan for retirement doesn't have to be difficult. The various available retirement plans are easier to comprehend than you might think, although each has its...
Posted by KLSM CPA Firm PLLC on 07/31/2022
Donations to qualified charities are tax-deductible and can reduce your taxable income, which can help you reduce your tax bill. You may need to itemize your tax deductions in detail...
Posted by Pat Raskob on 04/17/2022
Is Volunteer Work Tax Deductible?You volunteered because you care about your community and want to find a meaningful way to help others. But did you know that doing volunteer work...
Posted by Abundant Wealth Planning LLC on 03/31/2022
Not-for-profit organizations do not make a profit for their owners. Any money earned or donated to a nonprofit organization is used to promote the organization's goals and keep...
Posted by James Financial Services Inc on 03/31/2022
Do you have an old vehicle that you no longer use?If so, one option to dispose of it is to donate it to a charity. Depending on the needs of the charity and the type of vehicle you...
Posted by Abundant Wealth Planning LLC on 03/10/2022
What are Not-for-Profit Organizations (NFPOs)?These organizations focus on specific social causes and use the money they earn or receive through donations to cover their operation...
Posted by Dennis Jao on 11/04/2021
The amount estimated to be donated by the average taxpayer in the U.S. sums up to at least $500 per month. According to the research done on the subject in 2017, there were over 37...
Posted by Pat Raskob on 10/30/2021
It is very easy to donate a car to charity. The National Kidney Foundation of Utah and Idaho has one of the country's oldest (since 1990) and popular car donation programs. We'll...
Posted by Dennis Jao on 10/09/2021
This tax season may just be the last time many Americans post their tax returns and receive a discount for charitable giving.Under federal (and state) law, charitable contributions...
Posted by James Financial Services Inc on 09/20/2021
